Austin firm launches online business shipping service

Oct 25, 2013
Austin Business Journal

Online movers marketplace uShip Inc. has unveiled a commercial segment of the company to focus on the growing number of businesses using its service


After a year of beta testing, the Austin-based company launched uShip Pro for commercial business customers rather than consumers. Company executives said businesses now account for 30 percent of the volume of the shipments managed by uShip’s website. Also, 225,000 of the company’s 2 million shippers are businesses


About 1,000 business customers are registered with the new uShip Pro service that's tailored for businesses to reduce the amount of time it takes to book a shipment


UShip, founded in 2003, hosts Web-based auctions for shippers. The company employs about 190 workers, of which 175 are based in Austin


In March, uShip reported receiving a $1.3 million financing from 36 investors, according to a filing with the U.S. Securities and Exchange Commission


The filing came hours after the company disclosed in another regulatory filing that $3.6 million of uShip’s $18.3 million Series C funding in December 2012 was used to buy an undisclosed number of shares from company founders. It collected the capital from California-based Kleiner Perkins, increasing to $28 million the amount of venture capital the company has received since launching


In December 2012, uShip executives said they planned to use the money to increase the company’s focus on commercial customers


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