Fleet
About Fleet
Fleet is a Transportation, Automotive & Logistics company based in Portland (United States) founded in 2015, and was acquired by Expeditors International of Washington in May 2020. Tech-enabled freight forwarder. Fleet has raised $14 million across 2 funding rounds from investors including United Parcel Service, Expeditors International of Washington and Lufthansa Cargo. The company has 40 employees. Its focus areas include Consumer, Logistics Tech, Freight and Multimodal. Its legal entity is FLEET LOGISTICS INC. Its competitors include Flexport, Airspace and Wiz; 3 of its 3 listed competitors have raised funding.
Company details
Fleet was founded in 2015 in Portland, United States, as a tech-enabled freight forwarder in the logistics sector. A digital platform is provided for shippers to obtain quotes, book multi-modal shipments, and handle operations online, including real-time tracking and payments. Services encompass ocean and air freight, trucking, warehousing, customs clearance, and insurance, with partnerships including carriers such as UPS, Maersk, and Lufthansa Cargo.
- Headquarters Portland, United States
- Employees 40
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website tryfleet.com
- Social LinkedIn X
- Acquired by Expeditors International of Washington (May 2020)
- Legal Name Fleet Logistics Inc.
- Total Equity Funding$14M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series A
Nov 2017
- InvestorsUnited Parcel Service
& 12 more
- Employee Count40
- Acquired byExpeditors International of Washington
(May 2020)
Funding Insights of Fleet
Fleet has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14M
- Total Rounds 2
- Last Round Series A — $10M
- First Round $4M
(Apr 2016)
- Investors Count 12
All 2 funding rounds of Fleet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | $10M | Series A | – | Lufthansa Cargo | |
| Apr 2016 | $4M | Seed | – | – |
13 investors in total: 12 institutional and 1 angel.
Investors in Fleet
Fleet has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include United Parcel Service, Expeditors International of Washington and Lufthansa Cargo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An initiative focused on innovative first-look opportunities is offered. | up2398.com | |||
Life-Sciences & Tech focused Seed-stage VC Firm investing in geographies such as the US | 1517fund.com | San Francisco, United States | ||
| hunttechnologyventures.tcc.mode | ||||
| latampartners.us | ||||
GrowthX is focused on helping B2B founders achieve scalable revenue. | growthx.com | |||
NFQ is recognized as a leading digital and deep tech consultancy. | nfq.com | |||
Early-stage investments are made by THCAP in US and Europe. | thcap.com | San Francisco, United States | ||
Early-stage tech firms in Guatemala are funded by Invariantes Fund. | invariantes.com | Guatemala City, Guatemala | ||
| lufthansa-cargo.com | ||||
Packages and freight are delivered worldwide by UPS. | 1907 | ups.com | Atlanta, United States |
Investor details for Fleet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Fleet
4 dated milestones of Fleet across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fleet is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A, of $10.0M.
- Exit Acquired by Expeditors International of Washington.
Competitors of Fleet
Fleet has 3 listed competitors in our database, 3 of them funded. They include Flexport, Airspace and Wiz.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexport.com | 2013 | San Francisco, United States | $2.5B | 1,664 | End-to-end supply chain logistics platform and services are provided. | |
| airspace.com | 2016 | Carlsbad, United States | $136M | 218 | Web-based cargo management solutions are offered for air logistics. | |
| wiz.io | 2020 | New York, United States | $1.9B | 81 | Cloud security posture and application protection are managed across environments. |
Detailed competitors of Fleet
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Fleet (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Fleet
Complete news archive for Fleet
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Frequently Asked Questions about Fleet
Fleet was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Fleet is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Fleet is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Apr 2016.
Fleet has 40 employees.
Fleet was founded in 2015 in Portland, United States, as a tech-enabled freight forwarder in the logistics sector. A digital platform is provided for shippers to obtain quotes, book multi-modal shipments, and handle operations online, including real-time tracking and payments. Services encompass ocean and air freight, trucking, warehousing, customs clearance, and insurance, with partnerships including carriers such as UPS, Maersk, and Lufthansa Cargo.
Fleet has 13 investors. Key investors include United Parcel Service, Expeditors International of Washington, Lufthansa Cargo, UP2398, and 1517 Fund.
Fleet operates through Fleet Logistics Inc..
Yes. Fleet was acquired by Expeditors International of Washington in May 2020.