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Shipwell has raised $45.0M across 2 funding rounds.
Shipwell has raised $45.0M in total across 2 funding rounds.
Shipwell has raised $45.0M in total across 2 funding rounds.
Shipwell's investors include Fifth Wall.
Shipwell is a technology company that builds a cloud-native Transportation Management System (TMS) platform designed to streamline logistics and supply chain operations. Its platform enables businesses—such as suppliers, manufacturers, and retailers—to plan shipments, source transportation capacity, track shipments in real time, and manage financial settlements efficiently. Shipwell’s SaaS model offers scalable, flexible logistics management with features like load optimization, multimodal shipment management (parcel, truckload, LTL, rail, ocean), and integrated carrier networks. The platform’s real-time visibility and AI-powered tools help clients reduce costs, improve operational efficiency, and enhance customer experience[1][2][4].
Founded in July 2016 in Austin, Texas, Shipwell began as OtterLogic with a mission to disrupt the Over the Road (OTR) logistics market through agile technology. The founders focused on creating an adaptable and scalable platform to bring agility to supply chain management. Early milestones included launching a mobile app in 2019 to connect dispatchers and drivers with real-time tracking and communication. By 2021, Shipwell had grown significantly, employing around 140 people and introducing AI-driven features like Pricing Intelligence and the Compass Dashboard to provide predictive market insights and automate shipping exception management. This evolution reflects Shipwell’s commitment to creating a fully connected, responsive supply chain ecosystem[6][7].
Shipwell rides the growing trend of digital transformation in logistics, where traditional manual and opaque supply chain processes are being replaced by connected, data-driven platforms. The timing is critical as supply chains face increasing complexity, demand for real-time visibility, and pressure to reduce costs and carbon footprint. Market forces such as e-commerce growth, multimodal transportation needs, and AI adoption favor Shipwell’s integrated, scalable TMS solution. By enabling smaller and mid-sized shippers to access advanced logistics technology previously out of reach, Shipwell democratizes supply chain efficiency and resilience, influencing the broader ecosystem toward smarter, more agile logistics operations[1][2][6].
Looking ahead, Shipwell is poised to deepen its AI capabilities and expand multimodal support, including ocean and air freight scheduling. As supply chains continue to demand agility and transparency, Shipwell’s platform will likely evolve to offer even more predictive analytics, automation, and integration with emerging technologies like IoT and blockchain. Its influence may grow as it empowers a wider range of shippers to optimize logistics at scale, driving industry-wide shifts toward fully connected, intelligent supply chains. Shipwell’s trajectory suggests it will remain a key innovator in the logistics technology space, helping businesses navigate increasingly complex global supply networks[4][6][7].
Shipwell has raised $45.0M across 2 funding rounds. Most recently, it raised $35.0M Series B in October 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2019 | $35.0M Series B | Fifth Wall | |
| Oct 1, 2018 | $10.0M Series A | Fifth Wall |