uShip Secures $18M in Venture Funding from Kleiner Perkins Caufield & Byers

Looking back on 2012, it’s been uShip’s best on many accounts – record volumes and registrations, featured in a reality TV series, an amazing influx of talent, the list goes on.  And we’re not letting up as the year comes to a close.  In fact, today we’re announcing uShip has secured $18M in Series C funding from Kleiner Perkins Caufield & Byers (KPCB), one of the world’s top venture capital firms.

KPCBThe infusion brings the total capital raised by uShip to $28M.  KPCB joins institutional investors Benchmark Capital and DAG Ventures, each of which participated in earlier rounds.

So what does this mean for you, a shipping customer or transporter on uShip?  In short, this funding will propel uShip’s next phase of growth, particularly the development, sales and marketing of uShip PRO — uShip’s commercial freight platform currently in private beta — as well as its mobile platform and global presence.  For additional perspective, see the post on TechCrunch.

uShip PRO

uship pro logoIf you are a business shipper or a freight broker — whether you have a few loads a week or thousands a day — you can utilize uShip PRO to build your own carrier network, while more efficiently managing and automating your shipping operations by moving it entirely online.

matt chasen“Commercial freight is trending toward complete automation and greater efficiency, meaning uShip’s PRO platform has the opportunity to impact the entire industry, from enterprise shippers to freight brokers to carriers,” said Matt Chasen, CEO and founder of uShip (pictured).

“uShip is a proven marketplace model with fantastic traction across a number of transport categories,” said KPCB Partner Maritza Liaw, who joins uShip’s Board of Directors.  “It is truly a disruptive player in shipping logistics, reducing friction for both shippers and transporters.  We see a huge opportunity for growth in the commercial sector.”

Mobile Development

If you’re a transporter on the road, we plan to enhance uShip’s mobile application and platform so no matter where you are, doing business on uShip improves your business.  Our usage studies show 7 in 10 drivers are becoming more dependent on the mobile phone for business.

Global Expansion

We realize the stress and cost of shipping large goods is a universal problem, and that’s why we’re continuing to expand and more deeply root our global footprint, especially in Latin America and Europe. uShip is now localized in 18 countries and regions on five continents.

Kleiner Perkins Caufield & Byers invests in all stages from seed and incubation to growth companies, and has helped build pioneering companies like Amazon, Google, Intuit, Symantec, and WebMD.  It has backed entrepreneurs in more than 500 ventures leading to 150 IPOs, 350,000 jobs and a deep strategic network.

uShip Secures $18M in Venture Funding from Kleiner Perkins Caufield & Byers was last modified: June 13th, 2013 by Dean Jutilla
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