About uShip
uShip is a company based in Austin (United States) founded in 2003.. uShip has raised $51.81 million across 5 funding rounds from investors including Kleiner Perkins, DB Schenker and Benchmark. uShip has completed 1 acquisition, including Boxby. uShip offers products and services including uShip Marketplace, uShip Protection Plan, Vehicle Shipping, and Furniture Shipping. uShip operates in a competitive market with competitors including Echo Global Logistics, Transfix, Uber Freight, Truckstop.com and Convoy, among others.
- Headquarter Austin, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Uship 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
$51.81 M (USD)
in 5 rounds
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Latest Funding Round
$25 M (USD), Series D
Feb 14, 2017
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Investors
Kleiner Perkins
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of uShip
uShip offers a comprehensive portfolio of products and services, including uShip Marketplace, uShip Protection Plan, Vehicle Shipping, and Furniture Shipping. 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.
Online service for listing and booking large item shipments
Offers cargo protection for secure shipping transactions
Specialized platform for shipping cars and motorcycles
Facilitates transport of household items and appliances
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Funding Insights of uShip
uShip has successfully raised a total of $51.81M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $25 million completed in February 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 5
- Last Round Series D — $25.0M
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First Round
First Round
(20 Oct 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series D - uShip | Valuation | DB Schenker |
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| Mar, 2013 | Amount | Series C - uShip | Valuation | Benchmark , Kleiner Perkins |
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| Dec, 2012 | Amount | Series C - uShip | Valuation | Benchmark , Kleiner Perkins |
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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 uShip
uShip has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Kleiner Perkins, DB Schenker and Benchmark. 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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Venture capital investments are offered to promising startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Mid-stage venture capital investments and support for tech entrepreneurs.
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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 uShip
uShip has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Boxby. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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UK-based courier services aggregator
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - uShip
| 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 |
Uship Comparisons
Competitors of uShip
uShip 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 Echo Global Logistics, Transfix, Uber Freight, Truckstop.com and Convoy, 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 |
Technology-enabled supply chain and transportation services are provided to enterprises.
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| domain | founded_year | HQ Location |
Offers a marketplace providing on-demand load matching and freight booking services
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| domain | founded_year | HQ Location |
Trucking carriers are matched with shippers via an online marketplace.
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| domain | founded_year | HQ Location |
Online load board integrated with freight management functionalities
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| domain | founded_year | HQ Location |
Truckers are connected to on-demand freight via a digital platform.
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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 Uship
Frequently Asked Questions about uShip
When was uShip founded?
uShip was founded in 2003 and raised its 1st funding round 3 years after it was founded.
Where is uShip located?
uShip is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is uShip a funded company?
uShip is a funded company, having raised a total of $51.81M across 5 funding rounds to date. The company's 1st funding round was a Series C of $18.35M, raised on Oct 20, 2006.
What does uShip do?
uShip was founded in 2003 in Austin, United States, and operates within the logistics sector. An online platform is provided to connect consumers and businesses with carriers for shipping freight, household goods, and vehicles. Bids from carriers are accepted through an offer-based system, or instant rates are offered for less-than-truckload shipments. A commission is charged to carriers upon job completion, supporting operations across global markets.
Who are the top competitors of uShip?
uShip's top competitors include Transfix, Uber Freight and Convoy.
What products or services does uShip offer?
uShip offers uShip Marketplace, uShip Protection Plan, Vehicle Shipping, and Furniture Shipping.
How many acquisitions has uShip made?
uShip has made 1 acquisition, including Boxby.
Who are uShip's investors?
uShip has 4 investors. Key investors include Kleiner Perkins, DB Schenker, Benchmark, and DAG Ventures.
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