Buku Shipping
Latest round
- Series A
Last raised
- Dec 2021
Total raised
- $5M
Investors
- 1
About Buku Shipping
Buku Shipping Inc.Buku Shipping Inc. provides logistics services focusing on shipping and customs processes. The co-founders include Corbin Matthews, Ken Forrest, Kenneth Forrest, and Kenny Fung, with Ken Muir serving as CEO. In December 2021, Buku Shipping Inc.BUKU Ship Solutions offers a comprehensive suite of logistics services designed to streamline shipping and customs processes for businesses engaged in domestic and international commerce. Their core offerings include an integrated platform that ingests, matches, and audits carrier invoices from major shipping carriers such as USPS, FedEx, and DHL. This service aims to reconcile billed charges against actual shipments, ensuring financial clarity and margin accuracy for clients. Additionally, BUKU provides dynamic pricing capabilities, allowing businesses to apply flat or percentage-based markups on domestic carrier rates and adjust pricing based on specific clients, carriers, or service levels. Their ParcelDetails database enables users to track gross margins per shipment, providing insights through Power BI dashboards to identify cost drivers and reduce margin leakage.The revenue model of BUKU Ship Solutions is primarily based on B2B transactions, where they partner with logistics providers and e-commerce businesses to facilitate shipping solutions. Their services include API-based integrations for shipping rate calculations, invoice auditing, and customs compliance management, which are vital for clients engaging in international trade. BUKU Ship’s flagship product, IntelliRate, enhances transparency in shipping costs by enabling real-time rate comparisons and duty calculations at checkout, which directly impacts customer satisfaction and operational efficiency for their partners. Clients benefit from subscriptions or partnership agreements that provide access to these services, alongside potential commissions based on shipping volume.In December 2021, Buku Shipping Inc. Future initiatives include the development of new products designed to optimize logistics operations, as well as plans to expand into new regions including Europe and Australia by 2023.
Who invested in Buku Shipping
1 investor across 1 round
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Funding rounds
Series A
Dec 15, 2021
Amount
$5M
Investors
Questions about Buku Shipping
Who invested in Buku Shipping?
Buku Shipping has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Buku Shipping raised?
Buku Shipping has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Buku Shipping last raise money?
Buku Shipping's most recent round on record is a Series A, in Dec 2021.
What does Buku Shipping do?
Buku Shipping is a software company.
Where is Buku Shipping headquartered?
Buku Shipping is headquartered in Lehi, US.
Which VCs invest in companies like Buku Shipping?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Buku Shipping's stage. Their profiles are linked below.
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