Best Logistics Startups to Watch
Every year, new startups pull to the forefront of their industry through exciting innovation and industry-disrupting business models. We’ve rounded up the top logistics startups of 2023 that startup-lovers, investors, and aspiring entrepreneurs should follow.
Disclaimer: With so many exciting startups launching and growing worldwide, we aren’t able to cover them all. Furthermore, the startups that are listed below are not officially ranked and are listed in no particular order.
- Location: Berlin, Germany
- Funding: Series A, $43.8 Million
Now more than ever, customers who purchase products online expect fast delivery. However, purchasing strategically located warehouses across the country in order to offer the swift shipping that customers demand is too expensive for most ecommerce store owners. Enter Hive — a company hoping to pioneer the concept of "warehousing-as-a-service." With Hive, store owners are able to ship their products in bulk to strategically located warehouses. From there, Hive takes on the responsibilities of inventory management and order fulfillment, managing products from multiple sellers in a single warehouse in order to keep costs low.
- Location: Hawthorne, California
- Funding: Seed, $8 Million
Even in today's interconnected world, getting deliveries to especially rural areas remains a key challenge. In Alaska, for instance, 82% of towns and communities don't have roads that can be relied on no matter how bad the weather gets. To help solve this challenge and ensure that these rural areas are always able to receive the supplies they need, Farcast (formerly DASH Systems) develops both software and hardware solutions designed to enable precision airdrop deliveries. These solutions mean that commercial planes are able to safely drop cargo from the air without the need to land.
- Location: Berlin, Germany
- Funding: Series B, $63.8 Million
Founded in 2017, cargo.one is an air freight booking platform that enables shippers and freight forwarders to compare rates and capacities across airlines and book transportation from a single platform. cargo.one is free to use for shippers and freight forwarders, and the company makes its money by charging commissions to airlines for each completed booking.
4. Flock Freight
- Location: Solana Beach, California
- Funding: Series D, $399 Million
Flock Freight is a logistics platform that helps companies book shared space on trucks for less-than-truckload (LTL) freight. Flock Freight's algorithms make it easy to efficiently bundle cargo from multiple shippers into a single truckload, enabling companies to capitalize on the cost-saving benefits of shared truckload delivery. After recently raising $215 million of Series D funding, Flock Freight was given a valuation of $1 billion.
- Location: Gütersloh, Germany
- Funding: Series A, $65.7 Million
Founded in 2016, Schüttflix is a platform designed to help professionals in the construction industry easily source materials. Schüttflix connects construction professionals with both materials suppliers and freight forwarding services, serving as a one-stop shop for all of the materials and supplies needed to complete a construction project. Though the company currently only services German customers, Schüttflix has announced the intention of soon expanding to other countries.
- Location: Bristol, United Kingdom
- Funding: Series B, £75M
Huboo is a fulfillment and warehousing service for online stores that performs inventory management, order fulfillment, and returns management for its clients. The Huboo platform is able to integrate with all major ecommerce platforms, including Shopify, eBay, and Amazon, and is able to automatically sync inventory across marketplaces.
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7. Glovo (Acquired by Delivery Hero)
- Location: Barcelona, Spain
- Funding: Series F, $1.2 Billion
Leveraging the sharing economy, Glovo is a startup similar to DoorDash and Postmates, enabling customers to order products from a wide range of restaurants, stores, and pharmacies through the Glovo app. Since being founded in 2015, Glovo has expanded its services to over twenty different countries.
8. Volansi (Acquired by Sierra Nevada Corporation)
- Location: Concord, Calfornia
- Funding: Series B, $75.1 Million
Volansi is a company that manufactures vertical takeoff and landing (VTOL) delivery drones that are designed to deliver cargo to hard-to-reach areas. Volansi currently produces delivery drones for both commercial shippers and the military, and the company was listed on Inc.’s Inaugural Best in Business List for the Logistics and Transportation category in 2020.
9. Budbee (Acquired by Instabox)
- Location: Stockholm, Sweden
- Funding: Series Unknown, $154.4 Million
Founded in 2015, Budbee is a company that offers last-mile logistics to ecommerce sellers with a focus on sustainability and deliveries that don't require the use of fossil fuels. Some of the company's most noteworthy clients include brands such as ASOS, H&M, and Zalando. Budbee currently delivers more than one million parcels per month in the five countries (Sweden, Finland, Denmark, Belgium, and the Netherlands) that the company serves.
10. Happy Returns (Acquired by PayPal)
- Location: Santa Monica, California
- Funding: Series Unknown, $25 Million
Happy Returns is a company that provides returns management services to ecommerce stores, including branded online product return portals, the ability for customers to print shipping labels for return shipments, and comprehensive returns reporting. The company also offers customers the ability to return products in person at over 2,500 "Return Bars" located across the country.
Recommended: Check out our full list of the top startups to watch!