Fleet
About Fleet
Fleet is a company based in Portland (United States) founded in 2015 was acquired by Expeditors International of Washington in May 2020.. 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 as of December 31, 2022. Fleet operates in a competitive market with competitors including Flexport, Forto, sennder, Airspace and Wiz, among others.
- Headquarter Portland, United States
- Employees 40 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fleet Logistics Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Nov 20, 2017
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Investors
United Parcel Service
& 12 more
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Employee Count
40
as on Dec 31, 2022
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Acquired by
Expeditors International of Washington
(May 26, 2020)
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $10.0M
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First Round
First Round
(12 Apr 2016)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series A - Fleet | Valuation | Lufthansa Cargo | |
| Apr, 2016 | Amount | Seed - Fleet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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An initiative focused on innovative first-look opportunities is offered.
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Founded Year | Domain | Location | |
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Life-Sciences & Tech focused Seed-stage VC Firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fleet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fleet Comparisons
Competitors of Fleet
Fleet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flexport, Forto, sennder, Airspace and Wiz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end supply chain logistics platform and services are provided.
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| domain | founded_year | HQ Location |
Tech-enabled freight forwarding services for multi-modal cargo transport are provided.
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| domain | founded_year | HQ Location |
Tech-enabled platform matches shippers and carriers for trucking loads.
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| domain | founded_year | HQ Location |
Web-based cargo management solutions are offered for air logistics.
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| domain | founded_year | HQ Location |
Cloud security posture and application protection are managed across environments.
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| domain | founded_year | HQ Location |
Tech-enabled multi-modal freight forwarding services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fleet
Frequently Asked Questions about Fleet
When was Fleet founded?
Fleet was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Fleet located?
Fleet is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is Fleet a funded company?
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 12, 2016.
How many employees does Fleet have?
As of Dec 31, 2022, the latest employee count at Fleet is 40.
What does Fleet do?
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.
Who are Fleet's investors?
Fleet has 13 investors. Key investors include United Parcel Service, Expeditors International of Washington, Lufthansa Cargo, UP2398, and 1517 Fund.