TOP-10 Logistics Startups in 2024

The logistics industry is vital to global supply chains, managing the movement and storage of goods from manufacturers to consumers. As global trade grows, the demand for efficient logistics solutions increases. Startups are playing a crucial role in this space by introducing innovative technologies and approaches to solve complex logistics challenges.

At ProCoders, we closely watch the logistics domain to identify startups that are driving industry change. These companies are using new technologies to improve delivery, optimize supply chains, and enhance overall efficiency.

We help top logistics companies, and we learn with them to become better.

Our Criteria for Selecting Top Supply Chain Startups

At ProCoders, we use a rigorous set of criteria to identify and highlight the logistics startups that are making the most significant impact in the industry. Our focus is on identifying companies in logistics that not only innovate but also deliver tangible value to the ecosystem. Here’s how we evaluate the top logistics startups:

Technology-driven Logistics Startups Innovation

Innovation is a key factor we consider when evaluating logistics startups. We look for logistics businesses that introduce groundbreaking technologies or new business models that solve existing problems in unique ways. For instance, startups that utilize AI, blockchain, or IoT to optimize supply chain operations or enhance delivery efficiency stand out for their innovative approaches.

Logistics Startups Growth and Market Impact

The scale of a startup’s impact on the logistics industry is another crucial criterion. We assess how widely the startup’s solutions have been adopted in the market and their ability to disrupt traditional logistics practices. Startups that have successfully penetrated the market and influenced how logistics are managed—whether by improving speed, reducing costs, or increasing reliability—are given significant consideration.

Logistics Startups Funding and Growth

We also examine the amount of funding a startup has raised and its growth trajectory. Well-funded startups often have the resources to scale quickly and innovate continuously, which is vital in a fast-evolving industry like logistics. Additionally, a strong growth trajectory indicates market validation and the startup’s potential for long-term success.

What’s Considered a Startup: Only New Logistics Companies?

A company could have been founded in the early 2010s and still be considered a startup due to several key factors beyond its age. Here’s why:

1. Growth and Scaling Stage: Startups are often defined by their stage of growth, not just how long they’ve been around. Stord is still rapidly scaling its operations, expanding its market presence, and raising significant rounds of funding. As long as the company is in this high-growth phase, it’s likely to be considered a startup.
2. Disruption and Innovation: Startups are typically known for disrupting traditional industries. A company with innovative supply chain solutions should be driving significant industry changes, positioning itself as a technology-driven disruptor.
3. Private Status and Venture Capital: Many startups remain privately funded for several years. The process of scaling up through private investment rounds often defines a company’s “startup” status.
4. Cultural and Operational Mindset: Some companies maintain a startup-like culture with agile decision-making, innovation-driven operations, and a focus on rapid iteration. This mindset helps them keep the “startup” label even if they’ve been around for a while.

10 Notable Logistics Startups in 2024

Stord

Stord is a cloud-based logistics platform offering businesses an integrated solution for warehousing, freight, and fulfillment. 

Stord’s platform delivers:

• real-time inventory management
• omnichannel fulfillment
• extensive transportation capabilities

Its comprehensive approach connects physical supply chain infrastructure with cloud technology, giving brands the flexibility and visibility needed to meet modern consumer demands.

Top Achievements

Stord has seen impressive growth, including expanding its customer base to high-profile brands such as Coca-Cola and Dollar General. The company has also scaled its operations with over 1,000 warehouse facilities across the U.S. 

In recent years, Stord has maintained 300%+ growth annually and reported over $100 million in revenue. Its acquisition of Fulfillment Works further strengthened its direct-to-consumer logistics capabilities, enhancing its position in the market.

Funding

In 2024, Stord completed a $90 million Series D funding round, which brought its total funding to over $325 million and pushed its valuation to $1.3 billion. Key investors include Franklin Templeton, Kleiner Perkins, and Salesforce Ventures. This funding has enabled Stord to continue its aggressive expansion, enhance its logistics technology, and solidify its place as a leader in cloud-based supply chain solutions​.

Sources: Stord.com, Stord.com

Loadsmart

Loadsmart is a leading digital freight technology company that leverages AI to optimize freight shipping. Its platform connects shippers, carriers, brokers, and warehouses, streamlining the process through automation and real-time data. By improving load matching and route optimization, Loadsmart aims to create a more efficient and sustainable supply chain.

Key features:

• AI-driven load matching and pricing
• Real-time supply chain visibility
• Multimodal solutions (truck, rail, etc.)

Top Achievements

Loadsmart has rapidly scaled, achieving a 134% year-over-year revenue growth. The company has expanded its technology suite through partnerships with major retailers like The Home Depot and acquisitions, including Opendock for dock scheduling. It now serves over 680,000 trucks in its network.

Funding

In 2024, Loadsmart’s Series D round raised $200 million, pushing its valuation to $1.3 billion. Key investors include SoftBank Latin America Fund, BlackRock, and CSX Corp., allowing the company to continue expanding its technology solutions​.

Sources: FreightWaves, Loadsmart Resource Center

Flexport

Flexport is a technology-driven global logistics platform offering comprehensive supply chain solutions. It provides services like ocean, air, truck, and rail freight, along with warehousing, customs brokerage, and trade financing. Flexport combines advanced technology with physical logistics infrastructure to optimize shipping for both established and emerging brands.

Key features:

• End-to-end visibility for shipments
• Customs and trade advisory services
• Real-time tracking across multiple transport modes

Top Achievements

Flexport has grown rapidly, connecting over 10,000 clients and suppliers across 200+ countries. In 2023, it acquired Shopify’s logistics assets, expanding its logistics services and enhancing its footprint in e-commerce fulfillment. This move, along with its strategic partnership with Shopify, has significantly strengthened its market position.

Funding

In 2024, Flexport secured $260 million in funding from Shopify, bringing its total capital raised to $2.7 billion. With a valuation reaching $8 billion, Flexport remains one of the most well-funded startups in the logistics industry, supported by investors like Andreessen Horowitz and SoftBank Vision Fund​.

Sources: TechStartup News, Crunchbase News

Rappi

Rappi is a Latin American on-demand delivery platform offering services that include groceries, pharmaceuticals, and restaurant orders. It has evolved into a “super-app” with additional features like bill payments and even banking services. The company connects consumers with local businesses and delivers across multiple cities in Latin America.

Key features:

• On-demand delivery for groceries, food, and pharmaceuticals
• Integration with local businesses
• Expanded financial and banking services

Top Achievements

Rappi has become a dominant player in Latin America’s delivery market, operating in over 250 cities across nine countries. In recent years, the company has expanded its offerings into financial services and continued to innovate, especially with the launch of RappiPay. Its user base and market reach have grown rapidly, solidifying Rappi’s status as one of Latin America’s tech unicorns.

Funding

Rappi has raised over $2.4 billion in total funding across multiple rounds. In 2024, it continued its expansion efforts after raising $112 million in a debt round. The company’s valuation currently stands at over $5.25 billion, making it one of the largest startups in Latin America. Key investors include T. Rowe Price, SoftBank, and GIC​.

Sources: Tracxn, PitchBook

ShipBob

ShipBob is a tech-driven e-commerce fulfillment platform, offering small and medium-sized businesses access to the same logistics infrastructure as large retailers like Amazon. It provides warehousing, inventory management, shipping, and returns services through a network of more than 50 fulfillment centers across the U.S., Canada, the UK, and Europe. Its cloud-based platform integrates with major e-commerce platforms, allowing seamless order management and real-time tracking.

Key features:

• Warehousing and inventory management
• Shipping and returns processing
• Real-time order tracking and analytics

Top Achievements

ShipBob has grown swiftly, becoming a crucial partner for e-commerce brands by enabling faster delivery times and improved customer satisfaction. In 2024, ShipBob announced plans to go public with an estimated $4 billion IPO valuation. The company continues to expand its global footprint, including a recent fulfillment center opening in Western Canada.

Funding

As of 2024, ShipBob has raised over $330 million in total funding, with its last Series E round securing $200 million. Major investors include Bain Capital Ventures, Menlo Ventures, and Softbank, positioning the company as a leader in the fulfillment space​.

Sources: Ecommerce Next, PitchBook, PYMNTS.com

Turvo

Turvo is a collaborative logistics platform that enables real-time supply chain visibility and communication across shippers, brokers, and carriers. It allows seamless collaboration by connecting all parties through a unified cloud-based system, integrating multiple logistics functions such as inventory management, order tracking, and warehouse scheduling.

Key features:

• Real-time supply chain visibility
• Collaboration tools for shippers, carriers, and brokers
• Integration of inventory and order management

Top Achievements

Turvo has gained traction by working with major companies like Ryder, significantly enhancing supply chain efficiency. Its platform has been widely adopted, interacting with 28,000 organizations. In 2022, Turvo was acquired by Lineage Logistics, which further accelerated its expansion and innovation within the industry.

Funding

Before its acquisition, Turvo raised approximately $91.6 million in funding. This capital allowed the company to enhance its collaborative logistics technology, and its acquisition by Lineage has given it the backing to further scale its operations and expand into new markets​.

Craft.co, FreightWaves, FreightWaves

Convoy

Convoy is a digital freight network that connects shippers with carriers using a technology-driven platform to improve freight logistics. The platform automates load matching and provides real-time tracking, while its sustainability initiatives focus on reducing empty miles driven by truckers, improving overall efficiency and reducing emissions.

Key features:

• Automated load matching and real-time tracking
• Freight marketplace connecting shippers and carriers
• Sustainability initiatives focused on reducing empty truck miles

Top Achievements

Convoy quickly became a key player in the U.S. trucking market, connecting over 400,000 trucks on its platform. Despite a challenging market, the company raised $260 million in Series E funding, reaching a valuation of $3.8 billion. In 2023, Flexport acquired Convoy’s assets, integrating its technology into its own freight solutions to expand capabilities in the trucking sector.

Funding

Convoy has raised a total of $928 million in funding, including its $260 million Series E round led by Baillie Gifford and T. Rowe Price in 2022. A $150 million line of credit from J.P. Morgan was also secured to support long-term innovation in the freight sector​.

FreightWaves, PYMNTS.com

Flock Freight

Flock Freight is a logistics platform specializing in shared truckload services, allowing companies to pool their freight to optimize space and reduce shipping costs. Its unique algorithms efficiently bundle less-than-truckload (LTL) freight into multi-stop full truckloads, reducing empty miles and cutting down on carbon emissions.

Key features:

• Shared truckload pooling for LTL freight
• AI-driven algorithms for efficient load optimization
• Sustainability-focused freight solutions

Top Achievements

Flock Freight has consistently achieved recognition for its innovation, including winning the 2024 BIG Innovation Award for its sustainability efforts. Its unique model helps shippers reduce costs while also contributing to greener supply chains. The company’s service, FlockDirect, guarantees terminal-free delivery, improving shipping times and minimizing damage to goods.

Funding

Flock Freight raised $215 million in a Series D funding round, bringing its total funding to $399 million and securing a valuation of over $1 billion. The company is backed by major investors, including SoftBank Vision Fund and Google Ventures, allowing it to expand its market presence and develop new technologies to optimize freight shipping.

Transfix

Transfix is a digital freight management platform founded in 2013, focused on connecting shippers with truck drivers through advanced software solutions. Initially starting as a digital freight broker, Transfix recently shifted its core business model to become a software provider, focusing on improving logistics and supply chain efficiency through data-driven technologies. Their platform utilizes automation and artificial intelligence to optimize freight matching and operational workflows​(

Top Achievements

• Strategic Shift: In 2024, Transfix sold its freight brokerage division to NFI Industries, refocusing its business model on providing software solutions for logistics and transportation management​.
• Funding Milestones: Transfix raised $40 million in Series F funding in 2023, led by New Enterprise Associates and G Squared​.
• Innovation: The company has continually developed cutting-edge logistics software that improves supply chain visibility and efficiency, helping shippers and carriers optimize their operations​.

Funding

Transfix has raised multiple rounds of funding, including the latest $40 million in 2023. It was previously valued at $1.1 billion when it was planning a public listing via a SPAC merger, though the IPO was canceled​.

Sources: Supply Chain Brain, ITS Logistics, PitchBook, The Loadstar

ShipHero

ShipHero is a New York-based e-commerce fulfillment and logistics provider, founded in 2013. The company offers two main services: a warehouse management system (WMS) for e-commerce businesses and a full-service fulfillment platform. Their WMS helps businesses manage orders, inventory, and shipping processes, while their fulfillment service covers picking, packing, and shipping for e-commerce companies. ShipHero supports thousands of merchants and processes over $10 billion in gross merchandise value annually​.

Top Achievements

• Funding Milestones: ShipHero has raised $60.8 million across multiple funding rounds, with the largest round being $50.4 million in 2021, led by Riverwood Capital​.
• Growth: By 2024, ShipHero expanded its warehouse capacity to over 1 million square feet and continued developing its warehouse management software to enhance e-commerce logistics​.
• Client Base: ShipHero serves over 5,000 e-commerce brands, including Shopify, by streamlining their fulfillment operations​.

Funding Info

ShipHero raised a total of $60.8 million, with the most recent round being $10.4 million in 2022​.

Sources: Tracxn, FreightWaves, ShipHero, 

Trends Influencing Logistics Tech Companies

Digital Transformation

Logistics startups are driving digital transformation by leveraging technologies like cloud computing, big data, and IoT. These tools enable real-time tracking and management of inventory, shipments, and deliveries, providing better visibility and control. This improves responsiveness to changes, reduces downtime, and boosts overall operational efficiency.

Sustainability

Startups are innovating to reduce logistics’ environmental impact, using electric vehicles, optimizing delivery routes, and creating recyclable packaging. Shared logistics models, like pooled shipments, also help reduce empty miles and fuel consumption, meeting growing consumer demand for greener practices.

Automation and AI

AI and automation are transforming logistics by optimizing routes, predicting demand, and improving inventory management. Machine learning enhances decision-making, while automation tools in warehouses increase speed and accuracy, lowering reliance on manual labor and operational costs.

E-commerce Growth

E-commerce’s rise has fueled demand for faster, more reliable logistics. Startups are enhancing last-mile delivery efficiency with route optimization and tracking tools. Cross-border e-commerce has also spurred innovations in customs brokerage and international shipping, allowing businesses to expand globally.

TOP Logistics Technology Companies: Conclusion

Logistics startups are transforming the industry through innovation in technology, sustainability, automation, and e-commerce solutions. By embracing digital tools like AI and IoT, they are streamlining supply chains and improving operational efficiency. At the same time, their focus on sustainability and adapting to the rapid growth of e-commerce is helping reshape the future of global logistics. As these startups continue to grow and evolve, they play a crucial role in shaping more efficient, responsive, and environmentally conscious logistics systems.