Year-old Nashville-Seattle platform startup Goodship raised at least $7.4M

By Milt Capps
Published Friday, April 14, 2023 3:37 pm

Year-old Nashville-Seattle platform startup Goodship raised at least $7.4M | Goodship, supply chain, shippers, carriers, logistics, transportation, CoLab, The Company Lab, Company Lab, David Tsai, Ryan Soskin, Freightwaves, CoMobility Summit, David Tsai, Ryan Soskin, Dynamo, Dynamo VC, venture capital, Kleiner Perkins, Franklin Templeton, Founders Fund, Lux Capital, D1 Capital, Salesforce Ventures, Susa Ventures, Lineage Logistics, Stord,

Update: This story amended due to uncertainty regarding the type of the earlier funding.-Ed.

GOODSHIP Inc., a trucking analytics platform startup created by Nashville and Seattle founders, has raised at least $7.4MM in outside capital since inception in 2022.

Goodship's website says its supply chain-friendly platform solution is a neutral facilitator of working relationships between shippers and their carriers; and, it represents "an extension" of existing transportation management systems (TMS) that greatly strengthens managers' ability "to analyze performance and take quick corrective action."

Goodship's SEC filing today shows 26 investors aboard its latest raise of roughly $7.4MM. It was labeled a new issue (equity), with first sale March 30.

Previously, Goodship announced raising $2.4MM in funding, according to its earlier release. The release did not disclose the type of the earlier funding.

Goodship Cofounders CEO Ryan Soskin, CTO David Tsai (L-R)

Its co-founders are CEO Ryan Soskin of Nashville and CTO David Tsai of Seattle. Late Friday (April 14), the company acknowledged our earlier query, but declined to discuss capital details.

Soskin was previously head of Freight for Stord, the Atlanta-based innovator in "Cloud supply chain" in the context of warehousing and fulfillment.

Both Tsai and Soskin presented their company to the audience during the November 2022 Freightwaves Future of Freight Festival (F3). F3 2023 is later this year, details here. [Headsup: Co.Lab's inaugural Co-Mobility Summit is next month, May 9-11 in Chattanooga.]

Soskin's former employer, Stord, has drawn investment from Chattanooga-based Dynamo VC, as well as from Kleiner Perkins, Franklin Templeton, Founders Fund, Lux Capital, D1 Capital, Salesforce Ventures, Susa Ventures, and Lineage Logistics.

Also associated with Goodship filing today is Ty Findley, co-founder and general partner of Austin-based Ironspring Ventures, a Venture Capital firm that says it invests in early-stage innovators "across the industrial supply chain."

Earlier investors in Goodship have included McVestCo, FUSE, Cercano Management, Kindergarten Ventures, Sope Creek Capital, Innovation Endeavors, Flexport and individual investors including Jett McCandless of project44 (a Chicago-based logistics technology company with investors including TPG, Goldman Sachs AM and others). According to its earlier release, participants in its funding have also included founders and investors in several industry unicorns, including Stord and Convoy.

VNC confirmed that Goodship advisors include Palo Alto-based attorney Britt Anderson with Perkins Coie LLP. VNC

.last edited 0606 15 April 2023