# Shipwell

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.shipwell.com
- Total disclosed funding: $45M
- Latest round: Series B (Oct 24, 2019)
- Investors on record: 9

## About

Shipwell, Inc., based in the US, functions as a technology company that specializes in optimizing logistics operations through its advanced Transportation Management System (TMS).Shipwell, Inc. is a technology firm that provides logistics solutions, headquartered in Austin, US. Founded in 2016 by Gregory Price and Jason Traff, the company has conducted three investment deals. The latest funding round was a Series B completed on October 24, 2019, raising USD 35.00 mn led by Georgian, with participation from Aspect Ventures, BoxGroup, Fifth Wall Ventures, and Global Founders Capital. Gregory Price, the CEO, has been a driving force since its inception.Shipwell offers an advanced Transportation Management System (TMS) that integrates artificial intelligence to optimize logistics operations. The TMS features multimodal visibility, automated freight audits, real-time tracking, and AI-driven assistance for order management, which enhances supply chain efficiency. The platform specifically addresses challenges like high freight costs and inefficient routing. Shipwell caters to a diverse client base, including sectors such as retail, manufacturing, and logistics services, primarily within North America and Europe.Shipwell generates revenue through a subscription-based model for its TMS platform, offering various pricing plans to accommodate businesses of all sizes. Clients subscribe to the service to access features like the AI-enabled Track & Trace Worker and automated freight management tools, establishing B2B partnerships that allow them to manage logistics operations effectively. This model is designed to deliver efficiency and cost savings which sustains revenue growth as clients realize benefits from the platform.Following the Series B funding of USD 35.00 mn raised on October 24, 2019, Shipwell plans to expand its team and establish a new office in Chicago. The company aims to enhance its product offerings and is focused on entering new markets, although specific release dates for upcoming products have not been disclosed. This strategic use of funding will support its growth initiatives and operational expansion.

## Funding rounds

- Series B, Oct 24, 2019, $35M — Georgian, BoxGroup, Global Founders Capital, Aspect Ventures, Fifth Wall Ventures
- Series A, Oct 9, 2018, $10M — First Round Capital, Global Founders Capital, Aspect Ventures, Fifth Wall Ventures, Base10 Partners, Village Global, Capital Theory

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A, Series B
- Aspect Ventures (https://capitalatlas.ai/funds/aspect-ventures) — Series A, Series B
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series A, Series B
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Series A
- Village Global (https://capitalatlas.ai/funds/village-global) — Series A
- Capital Theory — Series A
- Georgian — Series B
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series B