GoodShip Secures $8M Series A

GoodShip, a Nashville, TN-based provider of a platform for freight network orchestration and procurement, raised $8M Series A funding.

The round was led by Bessemer Venture Partners with participation from Ironspring Ventures, Chicago Ventures, FUSE VC, Cercano Management, 53 Stations, Andrew Silver, Nichole Wischoff, and other angels.

The company intends to use the funds to expand the team, accelerate feature development, and support a growing roster of customers that includes many of the nation’s largest shippers.

Led by CEO Ryan Soskin, GoodShip enhances shipper’s TMS with a suite of features designed to optimize spend and service outcomes. A recommendation engine provides critical performance information, and users can take corrective actions directly within it. In-app messaging and tags move vital conversations from emails and create a centralized, data-driven inbox, while the platform’s purpose-built procurement workflow and AI-powered rewards optimizer increase the efficiency of bid execution and promote longer-lasting courier contracts.

Enterprises like KBX Logistics, a Koch company, and Kellanova (formerly Kellogg Company), Mark Anthony Services, and Simmons Foods are among the shippers to have adopted GoodShip for their transportation networks.