Summary:
GoodShip raises $25M in Series B funding to expand its shipping logistics data platform
New Bellevue office marks the startup's first physical HQ, transitioning from remote work
Clients include Kellanova, Reser’s Fine Foods, and Mike’s Hard Lemonade, with a 10x revenue growth in 2024
Leadership by ex-Convoy executives Ryan Soskin (CEO) and David Tsai (CTO)
Seattle area emerges as a key hub for logistics and supply chain innovation
GoodShip's $25M Boost and Bellevue Expansion
GoodShip, a trailblazing software startup specializing in shipping logistics data management, has successfully raised $25 million in Series B funding. This financial milestone coincides with the announcement of their new office in Bellevue, Wash., marking their first physical headquarters.
Transforming Logistics with Data
Founded in 2022, GoodShip offers a comprehensive platform that centralizes finance, procurement, carrier management, and analytics for shipping operations. Their innovative solution has already attracted notable clients such as Kellanova, Reser’s Fine Foods, Mike’s Hard Lemonade, and Tropicana, contributing to a tenfold increase in annual recurring revenue in 2024.
Leadership and Growth
- CEO Ryan Soskin (Nashville) and CTO David Tsai (Seattle), both alumni of Seattle's Convoy, lead the charge.
- The Bellevue office will serve as the official HQ, transitioning from a fully remote operation.
- Currently, GoodShip employs 14 in the Seattle area and nearly 40 nationwide.
Investor Confidence
The Series B round was spearheaded by Greenfield Partners, with participation from Bessemer Venture Partners, Ironspring Ventures, Chicago Ventures, and Bellevue's FUSE.
Seattle: A Logistics Innovation Hub
GoodShip joins a growing list of logistics startups in the Seattle area, reinforcing the region's reputation as a supply chain software innovation epicenter. Despite a general downturn in logistics startup funding post-2021, GoodShip's success underscores the sector's resilience and potential.
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