39 Growing Logistics Startups (2021)

by Josh Howarth - June 17, 2021

Funding in logistics and supply chain tech reached $19.2B across 724 deals in 2020. Up 6.62% from a year before, despite a drop in trade demand.

We’ve prepared a list of 39 high-growth logistics startups digitizing the industry, along with funding and search interest data on each company.

1. AxleHire

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5-year search growth: 6300%

Search growth status: Regular

Year founded: 2015

Location: Berkley, CA

Funding: $35.4M (Series B)

What they do: AxleHire specializes in last-mile delivery solutions for eCommerce and retail clients. The company is noteworthy for its dynamic routing algorithm and resource allocation software. The SF-based startup reached an estimated valuation of $86 - $129M after a funding round announced in April 2021.

2. FourKites

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5-year search growth: 200%

Search growth status: Regular

Year founded: 2014

Location: Chicago, IL

Funding: $201.5M (Series D)

What they do: FourKites offers a supply chain platform with real-time visibility. Their product helps customers with shipment ETAs, temperature tracking, and supply chain data analysis. The startups boast having 9 out of the top 10 CPG companies (and 18 out of 20 leading food and beverage companies) among their customers.

3. Airmee

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5-year search growth: 4100%

Search growth status: Regular

Year founded: 2016

Location: Stockholm, Sweden

Funding: $29.42M (Series Unknown)

What they do: Airmee is a logistics company specialized in urban deliveries. Its platform helps with scheduling deliveries and shipment time monitoring. The Swedish startup claims to have more than 100 businesses using their product.

4. Cargo One

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5-year search growth: 86%

Search growth status: Regular

Year founded: 2017

Location: Berlin, Germany

Funding: $63.8M (Series B)

What they do: Cargo.one operates an air freight booking platform. The company’s solution helps companies search for quotes, compare offerings across various airlines, and book quotes with instant confirmation. The startup works with more than 10 airlines, including Lufthansa Cargo and Etihad Cargo.

5. Budbee

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5-year search growth: 6500%

Search growth status: Regular

Year founded: 2012

Location: Stockholm, Sweden

Funding: $112.5M (Series C)

What they do: Budbee provides last-mile logistics for eCommerce retailers. The startup places a strong focus on sustainability, with fossil fuel-free deliveries in select areas that are designed to offset the company’s carbon footprint. Budbee works with well-known brands like H&M, Zalando, and Asos. This growing logistics startup currently has delivery coverage in 4 countries and delivers more than 1 million parcels a month.

6. Paack

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5-year search growth: 1650%

Search growth status: Regular

Year founded: 2015

Location: Barcelona, Spain

Funding: $82.5M (Series C)

What they do: Paack provides eCommerce delivery services. The company specializes in same and next day deliveries (with time slots selected by customers). Along with shipments of regular items, the startup also offers cold chain deliveries. The Spanish startup offers coverage in over 60 cities in Spain, Portugal, France, and the UK.

7. SiCepat Ekspres

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5-year search growth: 3233%

Search growth status: Exploding

Year founded: 2004

Location: Jakarta, Indonesia

Funding: $273.5M (Series B)

What they do: SiCepat provides end-to-end logistics services in Indonesia. The company’s solutions include fulfillment, warehouse storage, and last-mile deliveries. The Indonesian eCommerce market is forecasted to grow at a 5-year CAGR of 21%, reaching $82 billion in market size by 2025, which broadens the market opportunity for SiCepat.

8. Lalamove

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5-year search growth: 3450%

Search growth status: Exploding

Year founded: 2013

Location: Hong Kong

Funding: $2.5B (Series F)

What they do: Lalamove offers on-demand van hailing and delivery services. The service operates seven days a week, 24 hours a day. Like a traditional ridesharing app, users can track vehicles in real-time and leave a rating after delivery.

9. Sennder

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5-year search growth: 4700%

Search growth status: Regular

Year founded: 2015

Location: Berlin, Germany

Funding: $260M (Series D)

What they do: Sennder is a digital freight forwarder operating in Europe. The company’s platform connects commercial shippers directly with road freight companies, helping to digitize the logistics process. Sennder’s features include tracking, price visibility, and custom reporting.

10. Flock Freight

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5-year search growth: 6100%

Search growth status: Regular

Year founded: 2015

Location: Solana Beach, CA

Funding: $184M (Series C)

What they do: Flock Freight is a logistics startup that specializes in shared truckload delivery. The company’s algorithms help bundle less-than-truckload (LTL) freight into multi-stop full truckloads. Flock Freight is a certified B Corporation and offsets carbon emissions.

11. Happy Returns

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5-year search growth: 412%

Search growth status: Regular

Year founded: 2015

Location: Los Angeles, CA

Funding: $25M (Series Unknown)

What they do: Happy Returns provides return management services for eCommerce stores. Some of their product features include a branded online return and exchange website, reporting, shipping labels, platform integrations, and custom warehouse integrations. The company also manages a network of over 2,500 return locations in the US.

12. Cubyn

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5-year search growth: 191%

Search growth status: Regular

Year founded: 2014

Location: Paris, France

Funding: $63.5M (Series C)

What they do: Cubyn is a fulfillment provider for eCommerce retailers. The company provides end-to-end solutions, including inventory synchronization with eCommerce platforms, inventory management, and shipments. Following a recent funding round in March 2021, the French startup plans to expand the team and open a full “automated” facility in France.

13. Flowspace

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5-year search growth: 5500%

Search growth status: Regular

Year founded: 2016

Location: Los Angeles, CA

Funding: $46.5M (Series C)

What they do: Flowspace is a cloud-based fulfillment platform. Flowspace has integrations with major online retailers (including Shopify, Walmart, and Amazon). The company’s solutions include allowing customers to book warehouse storage and request inventory pickup. They also offer more involved services, like “kitting” (combining several items together into a single package) and labeling.

14. Schüttflix

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5-year search growth: 2500%

Search growth status: Regular

Year founded: 2016

Location: Gütersloh, Germany

Funding: $16.56M (Series A)

What they do: Schüttflix is an ordering and delivery platform for bulk construction material. The company’s service connects suppliers and truckers with customers in order to deliver goods to construction sites. Their mobile app includes a real-time tracking feature.

15. Bringg

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5-year search growth: 92%

Search growth status: Regular

Year founded: 2012

Location: Tel Aviv, Israel

Funding: $84.5M (Series D)

What they do: Bringg is a modular cloud platform for managing fulfillment and deliveries. The company’s platform is designed to connect data from multiple systems in an effort to manage delivery operations in one place. The Israeli-based startup already works with industry leaders like Walmart and McDonald’s.

16. Nuvocargo

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5-year search growth: 99x+

Search growth status: Regular

Year founded: 2017

Location: New York, NY

Funding: $17.3M (Series A)

What they do: Nuvocargo is a cross-border freight services provider. Company solutions include freight forwarding between Mexico, the US, and Canada, customs management, cargo insurance, and supply chain financing.

17. Huboo

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5-year search growth: 4900%

Search growth status: Regular

Year founded: 2015

Location: Bath, United Kingdom

Funding: $19.21M (Series A)

What they do: Huboo provides fulfillment services for online retailers. In addition to order fulfillment, the startup also handles returns management on request. Huboo has integrations with major online sales channels (eBay, Amazon, and Shopify) in order to enable automatic inventory synchronization.

18. Seven Senders

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5-year search growth: 3000%

Search growth status: Regular

Year founded: 2014

Location: Berlin, Germany

Funding: $65.8M (Series C)

What they do: Seven Senders is a delivery platform for shipments within Europe. The company’s solutions help connect retailers with last-mile shipping companies within the EU. They also provide a tracking and reporting system designed to optimize shipping processes.

19. GoFor

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5-year search growth: 4100%

Search growth status: Regular

Year founded: 2016

Location: Ottawa, Canada

Funding: $23.5M (Series A)

What they do: GoFor operates a last-mile logistics platform for clients in the construction industry. GoFor’s services include on-demand same-day and scheduled deliveries across metro areas in the USA and Canada. The platform includes reporting and integration features with third-party systems.

20. FLEXE

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5-year search growth: 38%

Search growth status: Regular

Year founded: 2013

Location: Seattle, WA

Funding: $144M (Series C)

What they do: FLEXE operates a digital platform for on-demand warehousing and fulfillment. The company’s network includes more than 1,000 warehouses across the US. FLEXE allows users to manage inventory, track shipments, manage orders, and monitor operations. The Seattle- based startup serves customers looking for 3 primary use cases: eCommerce fulfillment, retail distribution, and inventory overflow.

21. Ninja Van

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5-year search growth: 2333%

Search growth status: Exploding

Year founded: 2014

Location: Singapore

Funding: $396.5M (Series D)

What they do: Ninja Van provides shipping solutions for businesses in 7 countries in Southeast Asia. The company operates a network of physical locations and offers a last-mile courier service. Besides shipping and logistics features, the startup also has a cash-on-delivery service.

22. CargoX

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5-year search growth: 444%

Search growth status: Regular

Year founded: 2013

Location: Sao Paulo, Brazil

Funding: $190.1M (Series E)

What they do: CargoX is a freight brokerage company that leverages machine learning and big data technology to connect shippers with carriers. Their platform is designed to allow customers to track, follow, and optimize their shipments. They also allow carriers to partner up with them to find new shippers. According to their website, they cover more than 466,000 miles every week to deliver shipments.

23. Rivigo

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5-year search growth: 185%

Search growth status: Peaked

Year founded: 2014

Location: Gurgaon, India

Funding: $268.7M (Series G)

What they do: A logistics platform, Rivigo offers a network of truckers to different industries in India. Their main offerings include relay trucking and a freight marketplace. According to their website, their services can potentially result in a 60% reduction in inventory costs. The startup currently has a fleet of more than 5,000 trucks.

24. Wolt

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5-year search growth: 1042%

Search growth status: Exploding

Year founded: 2014

Location: Helsinki, Finland

Funding: $822.5M (Series E)

What they do: A food delivery company, Wolt connects restaurants, customers, and couriers. The platform offers logistics optimization, which is a feature designed to help restaurants and couriers deliver food quickly. Over 40,000 stores and restaurants are currently available on Wolt.

5. Shippeo

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5-year search growth: 433%

Search growth status: Regular

Year founded: 2014

Location: Paris, France

Funding: $67.9M (Series C)

What they do: Shippeo is a technology company that delivers real-time supply chain visibility. Specifically, they offer multimodal transportation tracking and predictive visibility capabilities. These solutions are offered to enterprises that handle their own shipments, along with carriers. As of now, Shippeo is used by more than 140,000 carriers.

26. Octovan

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5-year search growth: 766%

Search growth status: Regular

Year founded: 2017

Location: Istanbul, Turkey

Funding: $6.8M (Series Unknown)

What they do: A moving service provider, Octovan provides a platform where users can find movers in Turkey. Their services can be used by both individuals and corporate customers for intercity and urban transportation. According to their website, the carriers Octovan works with have collectively helped move more than 30,000 clients.

27. Rappi

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5-year search growth: 1966%

Search growth status: Regular

Year founded: 2015

Location: Bogota, Colombia

Funding: $1.7B (Series F)

What they do: Rappi is an online delivery service that enables consumers to order a range of items. Users are able to shop from supermarkets, restaurants, pharmacies, and more. Rappi is currently being used in more than 200 cities.

28. Ezyhaul

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5-year search growth: 9200%

Search growth status: Regular

Year founded: 2016

Location: Singapore, Singapore

Funding: $21.8M (Series B)

What they do: A technology company, Ezyhaul offers a digital road freight system. Commercial shippers can use their platform to make online bookings for long-haul, short-haul, and across-the-border shipments. Ezyhaul claims that they’ve delivered more than 3,040 million pounds of freight.

29. KeepTruckin

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5-year search growth: 1285%

Search growth status: Regular

Year founded: 2013

Location: San Francisco, CA

Funding: $227.3M (Corporate Round)

What they do: KeepTruckin is a startup that offers fleet management solutions. Their platform is designed to help trucking companies ensure driver safety, receive maintenance alerts, and stay ELD compliant. Furthermore, it also helps them streamline their workflows. It’s estimated that KeepTruckin earns up to $500M in revenue every year.

30. Glovo

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5-year search growth: 1566%

Search growth status: Regular

Year founded: 2015

Location: Barcelona, Spain

Funding: $1.2B (Series F)

What they do: A consumer tech platform, Glovo allows its customers to order a range of products through its mobile application. Users can order from restaurants, stores, and pharmacies. The startup has expanded its services to 20 countries so far.

31. Locus Robotics

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5-year search growth: 157%

Search growth status: Regular

Year founded: 2014

Location: Wilmington, MA

Funding: $249M (Series E)

What they do: Locus Robotics manufactures autonomous robots for warehouses. Their solutions are catered to the 3PL, retail, industrial, and healthcare verticals. Locus Robotics claims that their autonomous solutions can result in a 2-3x growth in fulfillment productivity. Their clientele includes names like DHL, Radial, and Geodis.

32. Zipline

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5-year search growth: 50%

Search growth status: Regular

Year founded: 2011

Location: Half Moon Bay, CA

Funding: $233M (Series E)

What they do: Zipline is a manufacturer of autonomous logistics drones. Their drones are designed to deliver packages to any location without accessibility issues. According to their website, Zipline has helped deliver more than 850,000 products.

33. Shadowfax

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5-year search growth: 733%

Search growth status: Exploding

Year founded: 2015

Location: Bangalore, India

Funding: $119.7M (Series D)

What they do: A third-party logistics company, Shadowfax offers a tech-enabled platform catered to different businesses. In addition to their 3PL services, they also offer assisted task management, hyperlocal deliveries, and forward and reverse logistics solutions. Over 7,000 delivery personnel currently work for Shadowfax.

34. Xpressbee

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5-year search growth: 650%

Search growth status: Exploding

Year founded: 2015

Location: Pune, India

Funding: $277.6M (Series E)

What they do: Xpressbee offers tech-enabled logistics solutions to eCommerce businesses. Their services, which include 3PL and cross-border logistics, are catered to both B2C and B2B businesses. The company has 3,000+ offices and customer centers all over India.

35. Volansi

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5-year search growth: 3100%

Search growth status: Regular

Year founded: 2015

Location: Concord, CA

Funding: $75.1M (Series B)

What they do: A drone manufacturer, Volansi provides aerial delivery solutions to commercial shippers and the military. Their UAVs feature vertical take-off and landing (VTOL) technology, which enables them to make critical shipments to hard-to-access locations. In 2020, Volansi made it to Inc.’s Inaugural Best in Business List (Logistics and Transportation category).

36. Loadsmart

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5-year search growth: -38%

Search growth status: Peaked

Year founded: 2014

Location: New York, NY

Funding: $146.4M (Series C)

What they do: Loadsmart is a logistics startup that offers a digital freight management platform. The platform is designed to help shippers book, manage, and track shipments. And empower carriers to optimize their fleets. Loadsmart recently raised $90M in Series C funding from names like TFI International Inc., Maersk, and Perry Capital.

37. LogiNext

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5-year search growth: 185%

Search growth status: Regular

Year founded: 2014

Location: Fremont, CA

Funding: $49.6M (Series B)

What they do: A logistics and field service management software tool, LogiNext delivers workforce optimization solutions to businesses. Their offerings include warehouse management, real-time data analytics, and asset tracking. They also offer solutions that help automate delivery logistics. Their platform is currently being used to track over 200 million data points across different industry verticals.

38. Kobo360

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5-year search growth: 2800%

Search growth status: Regular

Year founded: 2017

Location: Lagos, Nigeria

Funding: $37.3M (Series A)

What they do: Offering solutions for end-to-end haulage, Kobo360 is a tech-empowered logistics platform based in Africa. The platform offers an ecosystem for shippers, carriers, and recipients, designed to help them carry out their operations. Kobo360 has supported more than 2,300 businesses with its platform so far.

39. LetsTransport

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5-year search growth: 54%

Search growth status: Regular

Year founded: 2015

Location: Bangalore, India

Funding: $24.6M (Series Unknown)

What they do: LetsTransport is a solutions provider that offers services for first-mile, mid-mile, and last-mile logistics. In addition, they also offer end-to-end delivery management and cold chain logistics services. LetsTransport has helped move 16,500+ tons of cargo. As of now, they’re available in over 13 cities across India.

Conclusion

That’s all for our list of 39 high-growth logistics startups.

With eCommerce spending on the rise, many logistics startups are starting to focus exclusively on online retailers in order to help them focus on product development, marketing, and customer service.

Written By
Josh Howarth
Co-founder of Exploding Topics.
548 Market St. Suite 95149
San Francisco, California
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