GoodShip, an all-in-one platform for freight network orchestration and procurement, announced an $8 million Series A funding round led by Bessemer Venture Partners. This funding round brings GoodShip’s total funding to $15.4 million. It includes continued investment from Ironspring Ventures, Chicago Ventures, FUSE VC, and Cercano Management, with new participation from 53 Stations, Andrew Silver, Nichole Wischoff, and other angels.
This funding round will expand the team, accelerate feature development, and support a growing roster of customers, including many of the nation’s largest shippers.
Major enterprises such as KBX Logistics (a Koch company) and Kellanova (formerly Kellogg Company), Mark Anthony Services, and Simmons Foods are among the latest sophisticated shippers to adopt GoodShip to drive further innovation in their transportation networks.
GoodShip supercharges any shipper TMS with features designed to optimize spending and service outcomes. A recommendation engine surfaces critical performance insights, and users can take corrective action directly within GoodShip. In-app messaging and tagging transfer vital conversations out of email and create a centralized inbox grounded in data, while the platform’s purpose-built procurement workflow and AI-powered award optimizer dramatically boost bid execution efficiency and foster more durable carrier contracts.
KEY QUOTES:
“Bessemer’s deep industry expertise and longstanding success in vertical SaaS make them the ideal partner for our next phase of growth. Their original Supply Chain Software Roadmap had an outsized impact in shaping how we think about GoodShip, and our visions for the future of transportation technology are tightly aligned.”
- Ryan Soskin, co-founder and CEO of GoodShip
“We have been tracking GoodShip for two years and have been blown away by the team’s deep expertise, the quality of their tech, and the pace at which they found product-market fit with major enterprise shippers. GoodShip fits squarely into our thesis on supply chain digitization, and we are incredibly bullish on their ability to build an enduring business and drive immense value for their customers.”
- Bessemer Partner Mike Droesch
“GoodShip is a combination of the finance and analytics tool we were looking for and the freight orchestration tool we didn’t know we needed. The Kellanova team is extremely excited to partner with GoodShip to improve data visibility; leading to cost savings and stronger overall performance.”
- Matt Rose, Senior Director of Transportation at Kellanova
