Logistics startup Fleet raises US$4 million in seed funding

Fleet, described as an “online marketplace for international logistics,” has raised US$4 million in a seed funding round, led by Hunt Technology Ventures, LP. Designed as an online platform from which freight forwarders can showcase their services, Fleet enables potential customers to connect with forwarders and offers them sales and marketing assistance.

Fleet also offers a “Fleet Quoting Marketplace,” where small- to medium-sized shippers can make quote requests to forwarders that are listed on the Fleet site. According to Fleet, shippers who use the online portal “typically save 20 percent on their shipping costs and receive quotes five time faster,” compared with traditional methods.

“Fleet is expediting world trade by enabling millions of small- and mid-sized businesses to easily move their goods,” said David S. Hunt, managing partner of Hunt Technology Ventures.

Other investors participating in the funding round for Fleet include Placid Ventures, L.P., David S. Hunt, 1517 Fund, Latam Partners, GrowthX Fund, NFQ, Telegraph Hill Capital, and others.

Fleet said the funding will be used to further develop the Fleet site, hire staff and expand its base of shippers and forwarders. Fleet was founded in 2014.