# Transportify

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

- Industry: Logistics & Distribution
- Headquarters: Bangkok, Thailand
- Website: www.deliveree.com
- Total disclosed funding: $81M
- Latest round: Series C (Jun 27, 2022)
- Investors on record: 5

## About

Transportify, based in Thailand, is a logistics technology company offering efficient freight and cargo transportation services, focusing on urban and inter-city deliveries across Southeast Asia.Transportify, founded in 2015 and headquartered in Bangkok, Thailand, specializes in logistics services aimed at streamlining freight operations. The company has undergone strategic pivots to enhance service delivery but has remained focused on its core offerings. Founded by Tom Kim, who previously held entrepreneurial roles, Transportify has successfully raised USD 70.00 mn in its Series C funding round on October 4, 2022, with participation from Gobi Partners, Inspire Ventures, and SPIL Ventures. The total amount raised by the company now stands at USD 70.00 mn with a current valuation of USD 196.41 mn.Transportify provides a comprehensive suite of road freight and cargo transportation services, facilitating the movement of goods across urban and inter-city routes. The company offers logistics solutions tailored for businesses in Indonesia, the Philippines, Vietnam, and Thailand, including first, mid, and last mile services. Their platform allows clients to book transportation with flexible lead times, accommodating varying shipment volumes. Transportify's client base ranges from small enterprises to large corporations, all utilizing mobile and web applications to manage logistics efficiently. The company's clearinghouse model gives customers access to discounted shipping rates through a network of thousands of trucking vendors in the region.In 2022, Transportify generated revenue totaling USD 1,250,213.50, with an EBITDA of USD -515,568.10. The company's transaction-based revenue model revolves around its platform, allowing clients to book and manage freight services efficiently, with pricing structures designed to be competitive in the market.Transportify's future growth strategy includes the design and launch of new products aimed at enhancing logistics efficiency, although specific product release dates have not been disclosed. The company is targeting expansion into new markets within Southeast Asia, building on its existing presence by the end of 2023. Recent funding will support these initiatives, particularly in bolstering technology infrastructure and operational capabilities. In October 2022, all venture capital investors exited their stake in Transportify Private Ltd., with financial terms of the acquisition not disclosed.

## Funding rounds

- Series C, Jun 27, 2022, $70M — Gobi Partners, Inspire Ventures, SPIL Ventures
- Series B, Apr 30, 2019, $5M — Gobi Partners
- Series A, Oct 30, 2017, $6.3M — Gobi Partners, Inspire Ventures, Asia Summit Capital, PSA unboXed

## Investors

- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series A, Series B, Series C
- Inspire Ventures — Series A, Series C
- Asia Summit Capital — Series A
- PSA unboXed (https://capitalatlas.ai/funds/psa-unboxed) — Series A
- SPIL Ventures (https://capitalatlas.ai/funds/spil-ventures) — Series C