About Shipwell
Shipwell is a company based in Austin (United States) founded in 2016.. Shipwell has raised $47.08 million across 3 funding rounds from investors including Fifth Wall, Georgian and Global Founders Capital. The company has 127 employees as of December 31, 2022. Shipwell offers products and services including TMS Platform, Load Optimization, Settlements, Pricing Intelligence, and Visibility. Shipwell operates in a competitive market with competitors including Freight Tiger, Logospot, Transporeon, 3GTMS and MercuryGate, among others.
- Headquarter Austin, United States
- Employees 127 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Shipwell, 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
$47.08 M (USD)
in 3 rounds
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Latest Funding Round
$35 M (USD), Series B
Oct 24, 2019
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Investors
Fifth Wall
& 8 more
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Employee Count
127
as on Dec 31, 2022
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Products & Services of Shipwell
Shipwell offers a comprehensive portfolio of products and services, including TMS Platform, Load Optimization, Settlements, Pricing Intelligence, and Visibility. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages planning, shipping, and automation for logistics operations
Optimizes freight costs for efficient truckload shipments
Automates invoice reconciliation for accurate financial handling
Provides real-time rates for informed pricing decisions
Offers real-time tracking and ETAs for proactive management
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Funding Insights of Shipwell
Shipwell has successfully raised a total of $47.08M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in October 2019. 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 3
- Last Round Series B — $35.0M
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First Round
First Round
(27 Sep 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series B - Shipwell | Valuation | Georgian | |
| Oct, 2018 | Amount | Series A - Shipwell | Valuation | Fifth Wall | |
| Sep, 2017 | Amount | Seed - Shipwell | Valuation | First Round Capital |
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| 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 Shipwell
Shipwell has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Fifth Wall, Georgian and Global Founders Capital. 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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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 Shipwell
| 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 - Shipwell
| 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 |
Shipwell Comparisons
Competitors of Shipwell
Shipwell 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 Freight Tiger, Logospot, Transporeon, 3GTMS and MercuryGate, 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 |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Cloud-based transport management solutions are provided for logistics enterprises.
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| domain | founded_year | HQ Location |
Transportation management systems are provided for third-party logistics firms.
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| domain | founded_year | HQ Location |
Cloud-based transportation management systems are provided for multimodal logistics.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Shipwell
Frequently Asked Questions about Shipwell
When was Shipwell founded?
Shipwell was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Shipwell located?
Shipwell is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Shipwell a funded company?
Shipwell is a funded company, having raised a total of $47.08M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.08M, raised on Sep 27, 2017.
How many employees does Shipwell have?
As of Dec 31, 2022, the latest employee count at Shipwell is 127.
What does Shipwell do?
Shipwell provides an online booking platform for FTL and LTL shipments. Customers can use the platform to compare, book, monitor, and management of invoices for shipments. Carriers can manage their fleet, dispatch and manage documents and finances on the platform. It claims to have 85 LTL and 100K FTL carriers as of June 2017. It also provides a mobile application for drivers.
Who are the top competitors of Shipwell?
Shipwell's top competitors include Freight Tiger, Descartes and Logospot.
What products or services does Shipwell offer?
Shipwell offers TMS Platform, Load Optimization, Settlements, Pricing Intelligence, and Visibility.
Who are Shipwell's investors?
Shipwell has 9 investors. Key investors include Fifth Wall, Georgian, Global Founders Capital, BoxGroup, and Aspect Ventures.
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