# Fleet Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fleet-logistics

- Industry: Software
- Headquarters: Portland, US
- Website: www.tryfleet.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 24, 2018)
- Investors on record: 13

## About

Fleet Logistics, Inc. is a logistics technology company that offers innovative solutions for optimizing supply chain operations and enhancing transportation efficiency, serving various businesses across multiple sectors.Founded in 2015, Fleet Logistics, Inc. operates from its headquarters in Portland, US, and focuses on providing advanced logistics solutions. The company was acquired by Expeditors International of Washington, Inc. in May 2020, with undisclosed financial terms. The CEO is Shafiq Rehman, who has a strong background in logistics and technology.Fleet Logistics, Inc. specializes in innovative digital solutions that streamline supply chain operations and improve transportation management for businesses. Their core offerings include logistics management software, real-time tracking systems, and analytics tools, designed to enhance operational efficiency and cost-effectiveness. The company serves a diverse clientele, including manufacturers, retailers, and transportation providers, across North America, Europe, and Asia.Fleet Logistics, Inc. generates revenue primarily through subscription-based models for its logistics software and services. Their clients engage the firm through tiered service packages that cater to varying demands for functionalities and support. This structured pricing approach ensures a steady revenue stream while clients benefit from tailored logistics solutions.Looking ahead, Fleet Logistics, Inc. plans to expand its product offerings by developing new features for its logistics platform, targeted for release in late 2023. The company aims to enter additional markets in Southeast Asia and South America by 2024. The recent Series A funding of USD 10.00 mn, led by Lufthansa Cargo AG, will be utilized to support product development and market expansion efforts.

## Funding rounds

- Series A, Jan 24, 2018, $10M — Lufthansa Cargo AG, UPS Strategic Enterprise Fund, Telegraph Hill Capital, Elefund, 1517 Fund, Invariantes Fund, Hunt Technology Ventures, UP2398
- Seed, Apr 12, 2016, $4M — Covera Ventures, NFQ Ventures, Telegraph Hill Capital, GrowthX Capital, 1517 Fund, Placid Ventures, Latam Partners

## Investors

- Covera Ventures (https://capitalatlas.ai/funds/covera-ventures) — Seed
- NFQ Ventures (https://capitalatlas.ai/funds/nfq-ventures) — Seed
- Telegraph Hill Capital (https://capitalatlas.ai/funds/telegraph-hill-capital) — Seed, Series A
- GrowthX Capital (https://capitalatlas.ai/funds/growthx-capital) — Seed
- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Seed, Series A
- Placid Ventures — Seed
- Latam Partners — Seed
- Lufthansa Cargo AG — Series A
- UPS Strategic Enterprise Fund (https://capitalatlas.ai/funds/ups-strategic-enterprise-fund) — Series A
- Elefund (https://capitalatlas.ai/funds/elefund) — Series A
- Invariantes Fund (https://capitalatlas.ai/funds/invariantes-fund) — Series A
- Hunt Technology Ventures — Series A
- UP2398 (https://capitalatlas.ai/funds/up2398) — Series A