Shipwell, an Austin, Texas-based online business freight shipping platform, raised $10m in Series A funding.
The round, which brought total funding to date to $12.1m, was led by Fifth Wall Ventures, with participation from Global Founders Capital and Aspect Ventures, and existing investors First Round Capital, Base10, and Village Global. In conjunction with the funding, Fifth Wall principal Vik Chawla will join Shipwell’s Board of Directors.
The company intends to use the funds to expand its marketing efforts, improve the product, and amplify the team.
Led by Gregory Price, CEO, Shipwell provides a platform that lets users transport freight across the country with instant quoting and booking, real-time shipment tracking.
Users can also centralize all their freight in one place across modes, carriers, documents, analytics and more.
Over 1,000 companies currently use Shipwell.