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Shipwell
Data-driven connectivity platform for modernizing shipping
- 101-200 employees
- B2B
- Logistics
- Freight
- Supply Chain
- SaaS
- 515 E 6th, Suite 2650, Austin, TX 78701
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Company mission
To develop technologies that not only improve shipping strategies but turn them into competitive advantages.
1% employee growth in 12 months
Otta's take
Sam Franklin
CEO of Otta
The existing infrastructure of the U.S. shipping industry is becoming antiquated, with the complexity of shipping logistics being siloed and requiring manual organization. Shippers must directly communicate with freight companies to organize their shipping logistics, in addition to organizing and paying drivers and managing vehicle fleets en-masse.
Shipwell provides an online marketplace and toolkit to help companies manage the booking, organization, and analysis of their shipping systems through an all-in-one service. The aim of the company is to improve the customer's ability to upscale their business and shipping fleets through automation and data insights.
Shipping management software is on the rise, so Shipwell finds itself within a competitive market. However, the start-up’s unique focus on increasing the accessibility to tools for scaling and streamlining the resilience of a supply chain shows great promise in an ever-growing market with fluctuating dynamics.
Benefits
- Healthcare: Shipwell offers Medical, Dental, Vision, HSA, FSA, Critical Illness, Accident, Life Insurance and more
- Parental Leave: 12 weeks of fully paid parental leave to care for the newest member of your family
- Flexible time off: Take the time you need outside of work to reset, relax and enjoy life
- Learning & Development: Grow in your career and skills with our education reimbursement program
- Remote-forward: Enjoy the flexibility of working remotely, in-office or both. Choose the work environment that best suits you
- Extra perks: Cell phone and home WiFi reimbursement automatically included in your paychecks
- 401(k): Shipwell offers traditional 401(k) and Roth plans with matching
- Mental Wellness: We have an Employee Assistance Program (EAP) and encourage employees to take mental health days
Company values
- Curiosity: in continual learning, growth, and collaboration, plus a commitment to challenging the status quo and having fun
- Raising the bar: by continuously innovating products and services and being at the forefront of technological advancements
- Trust and respect: for all through communication and actions, and by respecting the unique perspectives of employees and customers
- Customer-first: service that places the needs of the customer at the highest level to deliver exceptional products, services, and support
- Nimble: with quick communication and open collaboration, and a commitment to failing fast, improving faster, and getting things done
- Ownership: of results through taking responsibility and accepting accountability to oneself, peers, and customers while building the future
Funding (last 2 of 3 rounds)
Oct 2019
$35m
SERIES B
Oct 2018
$10m
SERIES A
$47m
Total funding
This company has top investors
Founders
Gregory Price
(Co-Founder CEO)Having studied for a Master's at MIT, they worked as an MIT Research Fellow for Quest Diagnostics and spent 2 years as a McKinsey Consultant. They left this role in August 2016 to co-found Shipwell as CEO.
Jason Traff
(Co-Founder)They worked as an AIF Capital Analyst and co-founded CopyCat Paintings and Leaky, before an MBA at MIT. In August 2016 they founded Shipwell after a role at Bisonwood Investments, serving as President since 2018.