GoodShip, an innovative freight technology company, has successfully raised $25 million in its Series B funding round, a significant milestone that propels its vision of transforming the $1 trillion logistics industry. The funding was led by Greenfield Partners, with backing from renowned investors Bessemer Venture Partners, Ironspring Ventures, Chicago Ventures, and FUSE VC, all of whom are continuing their support as the company enters its next growth phase.
Accelerating Innovation in Freight Management
After a stellar year in 2024, during which GoodShip’s revenue surged more than tenfold, the company is poised to further scale its AI-powered platform. The company’s innovative technology has already made waves in North America, where it counts major enterprise shippers as customers, including Tropicana, KeHe Distributors, Kellanova (formerly Kellogg Company), and KBX Logistics, a subsidiary of Koch Industries. The funds will be directed toward scaling GoodShip’s platform, expanding its AI capabilities, and tackling the complexities of freight operations across truckload, LTL, and spot markets.
The freight industry, which remains heavily reliant on outdated processes like spreadsheets, is ripe for disruption. GoodShip aims to be the modern operating system that enterprise shippers need to move away from these archaic methods, offering a more cohesive, data-driven approach. Its platform unifies fragmented supply chain data and provides real-time insights, empowering companies to shift from reactive management to more proactive, coordinated planning.
Driving Savings and Efficiency in Freight Operations
According to Ryan Soskin, co-founder and CEO of GoodShip, “Freight management has long been a black box with scattered data and reactive decision-making. GoodShip addresses these challenges by centralizing data, offering critical insights, and introducing smarter, automated ways to manage and optimize supply chains.”
The impact of GoodShip’s platform is already evident. Customers have reported significant savings, with transportation costs dropping by 3–5% compared to market rates, while late shipments have decreased by nearly 20%. The company’s ultimate goal is to fully automate execution within freight operations, driving even faster workflows and smarter decision-making, all powered by AI.
The platform encompasses everything from planning and procurement to performance management, offering complete control over freight operations and delivering real-time visibility across the entire logistics process. With GoodShip’s technology, companies no longer need to replace existing carriers or systems; they simply orchestrate them more effectively.
Expanding Reach and Innovation
GoodShip’s latest funding round has helped the company establish a new headquarters in Bellevue, Washington, as it gears up for the next phase of its growth. The company is actively hiring across various functions, looking to expand its team to match its ambitious plans for global expansion.
Itay Inbar, Principal at Greenfield Partners, praised GoodShip’s role in reshaping the logistics landscape. “GoodShip is redefining the trillion-dollar freight industry with its innovative AI-driven approach,” he said. “The company’s platform is already proving its value at enterprise scale and is well-positioned to set the standard for the future of freight management.”
Andrew Dafnos, Director of Supply Chain at KeHE Distributors, shared his company’s success with the platform, stating, “GoodShip has completely transformed our transportation procurement, making it faster, more automated, and data-driven. With real-time visibility and self-service scorecards for carriers, our network is now more resilient and responsive to market changes.”
The Future of Freight Orchestration
Looking ahead, GoodShip plans to further deepen its automation capabilities and expand its orchestration across additional freight workflows. The company’s long-term vision is to become the central system for transportation teams, offering unparalleled insights and control to ensure better freight outcomes.
As GoodShip continues to innovate with AI and expand its capabilities, it remains committed to driving cost reductions, improving delivery performance, and providing smarter solutions to one of the most critical industries in the world.
