TLDR: GoodShip Secures $8M in Series A Funding
GoodShip, a Nashville-based provider of a platform for freight network orchestration and procurement, raised $8M in Series A funding. The round was led by Bessemer Venture Partners with participation from other investors. The company plans to use the funds to expand the team, accelerate feature development, and support its growing customer base.
Key points:
- GoodShip raised $8M in Series A funding led by Bessemer Venture Partners
- The company’s platform enhances shipper’s TMS with features that optimize spend and service outcomes
GoodShip’s platform includes a recommendation engine, in-app messaging, purpose-built procurement workflow, and AI-powered rewards optimizer to increase efficiency of bid execution and promote longer-lasting courier contracts. Major shippers like KBX Logistics and Kellanova are among the companies that have adopted GoodShip for their transportation networks.
The funding will be used to expand the team, accelerate feature development, and support a growing roster of customers, including many of the nation’s largest shippers.
