uShip Inc.

uShip Inc. is an online shipping marketplace facilitating the connection between individuals and businesses with a variety of shipping companies for transporting large items like vehicles and furniture. uShip Inc. operates as an online shipping marketplace that enables users to transport large items efficiently.

Founded in 2003 in Austin, US by Matthew Chasen, the company has made eight significant deals, with the latest being a Series D funding round in February 2017, where it raised USD 25. 000 mn led by DB Schenker. The company’s current valuation stands at USD 340. 453 mn and it has no known subsidiaries or parent companies.

uShip operates as an online shipping marketplace that connects individuals and businesses with diverse shipping companies for the transportation of large items, including vehicles, furniture, and freight. The platform enables users to obtain instant quotes, compare multiple shipping options, and book services seamlessly, addressing the complexities associated with shipping logistics. Customers include individual consumers needing to ship items like cars and furniture, as well as businesses such as auto dealerships and eCommerce retailers seeking efficient delivery solutions. uShip caters to various geographical markets, with services available across the United States and internationally, focusing on regions where there is a demand for reliable transport services.

The company’s offerings include specialized options such as LTL (less-than-truckload) freight services and In-Home Delivery, tailored to meet the unique needs of its varied client base. uShip generates revenue through transaction-based fees associated with its shipping services, where customers pay for the logistics of transporting goods. The platform operates on a model where users list their shipping needs, and carriers submit competitive bids, allowing for transparent pricing. The revenue structure includes a commission earned from carriers for each successful booking made through the platform.

While specific pricing plans for individual services are not publicly detailed, the service offerings encompass various transport needs, ranging from vehicle shipping to freight solutions. Notable features such as the uShip Protection Plan and uShip Payments enhance the user experience, ensuring secure transactions and cargo protection. By facilitating a streamlined shipping process, uShip reinforces its commitment to providing value to both consumers and businesses in the logistics space. In February 2017, uShip Inc.

raised USD 25. 000 mn in Series D financing led by DB Schenker, which is expected to be utilized for developing new product offerings and enhancing the existing platform. The company is exploring opportunities to expand into additional international markets, particularly targeting Europe and Asia in the coming years. The funding will support initiatives for product innovation and market expansion, aligning with the company’s goal to improve service offerings and broaden its geographical footprint.