- Venture Captial
A flood of big money is pumping up valuations of logistics startups as global bottlenecks raise the profile of a once-overlooked sector
An investment rush into logistics technology is creating a herd of unicorns in the race to digitise operations at the centre of the world’s supply chain gridlock.
Newly minted unicorns, or companies that exceed $1bn valuations, in the logistics sector in 2021 include e-commerce fulfilment specialist ShipBob, digital warehouse and distribution provider Stord and Flock Freight, a platform that matches shipper loads to trucks and is backed by a venture arm of Japan-based conglomerate SoftBank Group.
Backers…