Japan’s Shippio secures seed round funding to offer streamlined freight forwarding

▤ Summary

Tokyo-based Circle-in, developing the total support tool for international logistics works named Shippio, announced on Monday that it has fundraised an undisclosed amount in a seed round from 500 Startups Japan, YJ Capital, and East Ventures. Shippio is a cloud-based platform for freight forwarders, export-import operators, trading companies and distribution department of enterprises, enabling simplication of complicated and time-consuming procedures such as communication via email / phone calls, document exchanges via FAX, spreadsheet-based trade management, in addition to helping improve business efficiency drastically and visualize forwarding processes and payments. Regarding this business field, San Francisco-based Flexport is leading the industry, having funraised a total of $94 million through its series A and B rounds from Founders Fund along with other investors. At last year’s TechSauce Summit pitch competition which was the first large startup conference in Thailand, GizTix providing a logistics marketplace for international distribution won the top prize. In addition, Spain-based cloud-based logistics management platform Shipwise won the Bronze Prize of the pitch competition in HackOsaka held last year, so this field is apparently one of the verticals garnering a lot of attention.

$ Funding

▦ Linked Companies

Flexport

$1B+