Duckbill Closes US$50M Funding Round


Duckbill, a Shangai, China-based container trucking/drayage service platform, closed a US$50m funding round.

The round was led by Temasek, with participation from Pavilion as well as existing shareholders including Future Capital, Discovery Fund, Shunwei Capital, Furong Capital, Zip Capital etc.

The company intends to use the funds to improve the current solutions, expand to all major ports and introduce more products.

Led by Mr. Tang Hongbin, founder, Duckbill is a container trucking/drayage service platform featuring intelligent dispatching and transportation management. Beside the transportation service, the company also provides value adding services for customers such as customs declaration,cargo loading surveillance etc.. By end of 2020, the company was serving 6,000 freight forwarders and shippers, transported 700,000 TEUs of goods across China. Its operation is active in Shanghai, Qingdao, Taichang, Ningbo, Shenzhen.