Fleet, a Portland, Oregon-based online marketplace for international logistics, raised $10m in Series A financing.
The round was led by Lufthansa Cargo with participation from Hunt Technology Ventures, UPS, UP2398, 1517 Fund, amongst other previous investors (which were Placid Ventures, L.P., David S. Hunt, Latam Partners, GrowthX Fund, NFQ, Telegraph Hill Capital). In conjunction with the funding, Dr. Alexis von Hoensbroech, Chief Commercial Officer of Lufthansa Cargo, joined Fleet’s board of directors.
The company, has raised a total of $14m since its launch in 2014, intends to use the funds for tech and business development and expansion of the team in Portland.
Led by Max Lock, Fleet is an online marketplace focused on international shipping which enables businesses to make informed decisions in choosing the right service providers based on price, transit time and reliability.
Shippers have the option to select ocean carriers, airlines, trucking companies, and warehouses, and to create an end-to-end team that is personalized to their unique business needs.
In the last year, Fleet has added of thousands of importers, exporters and more than 500 freight forwarders looking to manage their shipments online.