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Home»Startup»Convoy vets land $2.4M to tackle trucking analytics – Startup
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Convoy vets land $2.4M to tackle trucking analytics – Startup

November 5, 2022No Comments2 Mins Read
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Convoy vets land $2.4M to tackle trucking analytics – GeekWire
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Ryan Soskin (left) and David Tsai, co-founders of GoodShip. (GoodShip Picture)

New funding: Seattle-area trucking analytics startup GoodShip raised $2.4 million in a spherical led by Fuse, with participation from Cercano Administration, Flexport Fund, Innovation Endeavors, Sope Creek Capital, and different angel buyers.

The founders: Ryan Soskin and David Tsai have been early workers and leaders at Convoy, the Seattle trucking market firm backed by Invoice Gates and Jeff Bezos. Soskin was additionally a service gross sales supervisor at Coyote Logistics, which UPS acquired for $1.8 billion. Tsai beforehand based a cellular recreation improvement startup.

The enterprise: GoodShip sells analytics software program to shippers, serving to them mixture siloed knowledge from spreadsheets and emails associated to contracts, trucking efficiency knowledge, pricing data, and extra. The concept is to enhance effectivity, streamline knowledge evaluation, and supply “provide chain agility,” notably throughout risky market circumstances. It makes cash from shippers but additionally builds software program for carriers. GoodShip has 5 workers and has a co-headquarters in Nashville, the place Soskin is predicated.

The purchasers: Mid-market to enterprise-level shippers — giant producers and retailers with product that should transfer by way of vans. “Leveraging the platform, we’ve been capable of unlock essential insights that have been beforehand opaque,” Nicole Schuman, transportation procurement supervisor at Reser’s High quality Meals, mentioned in a press release.

The mission: “To allow shippers and carriers to digitally procure, measure, and optimize contract enterprise extra simply and precisely than ever earlier than.”

The Convoy “mafia”: Soskin and Tsai are amongst a bunch of a number of former staffers at Convoy who’ve launched their very own Seattle startups, together with Outgo, Solo, Thriller, Frequent Room, and others. It’s additionally amongst a rising listing of logistics and delivery tech startups in Seattle, becoming a member of others corresponding to Logixboard, Flexe, Shipium, Pipe17, and Pandion.

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The final phrase: “David and I’ve lots of expertise within the trade,” Soskin mentioned. “We’ve bought some earned secrets and techniques and a few key insights that we’ve noticed through the years from seeing among the techniques and processes up shut. And that’s sort of what gave us the conviction to leap into the founder’s seat.”



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