# Floship

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/floship

- Industry: Logistics & Distribution
- Headquarters: Hong Kong SAR - China
- Website: www.floship.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Sep 8, 2015)
- Investors on record: 3

## About

Floship offers comprehensive cross-border eCommerce fulfillment solutions, specializing in direct-to-consumer logistics, crowdfunding logistics, and reverse logistics, utilizing advanced technology to streamline operations for global trade.Founded in 2014, Floship is based in Hong Kong and specializes in cross-border eCommerce logistics. The company has successfully completed two funding rounds, including a SEED funding round in September 2015 that raised USD 1.2 mn from investors Ardent Capital, Vectr Ventures, and Wavemaker Partners. CEO Joshua Tsui leads the company, which has not undergone significant pivots or changes in its business strategy since its inception.Floship specializes in providing comprehensive cross-border eCommerce fulfillment solutions, primarily targeting direct-to-consumer (D2C) logistics, crowdfunding logistics, and reverse logistics. The company’s main offerings include a powerful logistics technology platform known as the Floship Portal, which facilitates real-time tracking, optimized shipments, and seamless integrations. Floship also manages warehousing, pick-and-pack services, and shipping, ensuring that inventory is carefully handled and orders are fulfilled efficiently. This robust suite of services is designed to address the complexities of global trade, enhancing operational efficiency and improving customer satisfaction. Floship serves a diverse clientele, including ambitious eCommerce brands and crowdfunding campaign creators, across various international markets such as North America, Europe, and Asia-Pacific.Floship operates on a revenue model that encompasses B2B and direct-to-consumer transactions, focusing on providing logistics and fulfillment services to eCommerce businesses. The company’s transaction structure typically involves partnerships and subscription-based agreements, with clients utilizing the Floship Portal for streamlined logistics management. Pricing is structured around the specific services provided, including warehousing, pick-and-pack, and shipping solutions, which are tailored to meet the needs of individual clients. The flagship platform allows clients to optimize their supply chain operations and reduce costs while enhancing delivery efficiency, thereby fostering long-term business relationships. Floship’s revenue is driven by its ability to deliver innovative solutions that simplify logistics processes for its clients in the global marketplace.Floship is focused on expanding its product offerings and geographic reach. The company plans to launch new logistics technologies aimed at enhancing customer experience, with expected releases in the coming year. Additionally, Floship is targeting expansion into new markets within Asia-Pacific and Europe by the end of 2023. The recent SEED funding round raised USD 1.2 mn in September 2015, which will be utilized to support these initiatives and enhance their operational capabilities.

## Funding rounds

- Seed, Sep 8, 2015, $1.2M — Wavemaker Partners, Ardent Capital, Vectr Ventures

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Ardent Capital (https://capitalatlas.ai/funds/ardent-capital) — Seed
- Vectr Ventures (https://capitalatlas.ai/funds/vectr-ventures) — Seed