What is uShip?
uShip operates as a global marketplace that simplifies the process of shipping a wide array of items, including vehicles, household goods, freight, heavy equipment, and even pets. The platform connects consumers and businesses with independent carriers, offering a competitive bidding system to find cost-effective shipping solutions. With a global presence that includes localized functionality in key markets such as the European Union, Germany, the United Kingdom, the United States, Canada, and Australia, uShip addresses the complexities and high costs associated with moving hard-to-ship items.
How much funding has uShip raised?
uShip has raised a total of $53.7M across 6 funding rounds:
Series B
$5M
Private Equity
$2M
Series C
$18.3M
Private Equity
$1.4M
Series D
$25M
Debt
$2M
Series B (2006): $5M with participation from DAG Ventures and Benchmark
Private Equity (2011): $2M, investors not publicly disclosed
Series C (2012): $18.3M supported by Kleiner Perkins Caufield & Byers
Private Equity (2013): $1.4M featuring Benchmark Capital and Kleiner Perkins
Series D (2017): $25M backed by DAG Ventures, Kleiner Perkins Caufield Byers, Benchmark Capital, and DB Schenker
Debt (2020): $2M with participation from PPP
Key Investors in uShip
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech.
DAG Ventures
DAG Ventures is a mid-stage venture capital partnership that focuses on supporting visionary entrepreneurs and elite early-stage VCs, emphasizing speed, consistency, and simplicity in its operations.
DB Schenker
DB Schenker is a global logistics and transportation company specializing in freight services, supply chain management, and integrated logistics solutions across international markets.
What's next for uShip?
The recent major strategic investment in uShip signals a pivotal phase for the company, likely aimed at enhancing its technological infrastructure, expanding its service offerings, and solidifying its global market share. This capital infusion is expected to fuel further innovation in logistics technology and customer experience. As uShip continues to navigate the dynamic enterprise-level funding landscape, its focus will likely remain on optimizing its platform for efficiency and scalability, potentially exploring new partnerships and market opportunities to maintain its competitive edge in the global shipping and freight industry.
See full uShip company page
