GoodShip scores $8 million Series A as it looks to scale freight orchestration and procurement platform

GoodShip, an all in one platform for freight network orchestration and procurement, reports a $8 million Series A funding round led by Bessemer Venture Partners.

This brings its total funding to $15.4 million and includes continued investment from Ironspring Ventures, Chicago Ventures, FUSE VC, and Cercano Management, with new participation from 53 Stations, Andrew Silver, Nichole Wischoff, and other angels.

The investment will be used to expand the team, accelerate feature development, and support a growing roster of customers that includes many of America’s largest shippers.

“Bessemer’s deep industry expertise and longstanding success in vertical SaaS make them the ideal partner for our next phase of growth,” says Ryan Soskin, Co-founder and CEO at GoodShip.

“Their original Supply Chain Software Roadmap had an outsized impact in shaping how we think about GoodShip, and our visions for the future of transportation technology are tightly aligned.”

The likes of KBX Logistics, a Koch company, and Kellanova (formerly Kellogg Company), Mark Anthony Services, and Simmons Foods are among the shippers to adopt GoodShip.

“We have been tracking GoodShip for two years and have been blown away by the team’s deep expertise, the quality of their tech, and the pace at which they found product-market fit with major enterprise shippers,” says Bessemer Partner, Mike Droesch.

“GoodShip fits squarely into our thesis on supply chain digitisation, and we are incredibly bullish on their ability to build an enduring business and drive immense value for their customers.”

The company provides a suite of features designed to optimise spend and service outcomes. A recommendation engine surfaces critical performance insights, and users can take corrective action directly within GoodShip.

In app messaging and tagging transfers vital conversations out of email and creates a centralised inbox grounded in data, while the platform’s procurement workflow and AI powered award optimiser boosts bid execution efficiency and fosters more durable carrier contracts.

“GoodShip is a combination of the finance and analytics tool we were looking for and the freight orchestration tool we didn’t know we needed,” says Matt Rose, Senior Director of Transportation at Kellanova.

“The Kellanova team is extremely excited to partner with GoodShip to improve data visibility; leading to cost savings and stronger overall performance.”