GoShare has successfully raised $7.8 million over three funding rounds, focusing on revolutionizing logistics in the last mile and middle mile of the supply chain.
Keep reading to explore the intricacies of GoShare's fundraising journey and the investors backing this innovative platform.
What Is GoShare?
Founded in 2015, GoShare is headquartered in San Diego, United States, with additional operations in Brazil. The company was established by Shaun Savage, who currently serves as the CEO.
GoShare specializes in providing on-demand delivery and moving services, focusing on the last mile and middle mile of the supply chain. Their services cater to both businesses and individuals, offering a variety of vehicle options for different needs.
With a team of 11-50 employees, GoShare leverages proprietary technology, including a Delivery API and mobile apps, to optimize logistics and ensure fast, reliable, and affordable services.
How Much Funding Has GoShare Raised?
- Seed Round
- Amount Raised: $1,200,000
- Date: May 2016
- Motivation Behind the Round: Initial funding to develop the platform and launch services.
- Seed Round
- Amount Raised: $3,000,000
- Date: February 2018
- Motivation Behind the Round: Expand operations and enhance technology infrastructure.
- Seed Round
- Amount Raised: $3,600,000
- Date: June 2021
- Motivation Behind the Round: Improve last-mile delivery services.
- Seed Round
- Amount Raised: $8,000,000
- Date: October 2021
- Lead Investors: Mark IV Capital, Cove Fund, Jason Calacanis’s LAUNCH Fund, The Syndicate
- Motivation Behind the Round: Hiring key executives, product development, and geographic expansion across the US.
Total Amount Raised: $15,800,000
Current Valuation: $50,000,000 (~estimated)
Key Investors
- Mark IV Capital
- Details: Mark IV Capital is a private investment firm that focuses on long-term value creation. They have a diversified portfolio across various industries.
- Investment Focus Areas: Real estate, technology, logistics
- Notable Investments: Specific notable investments not mentioned.
- Cove Fund
- Details: Cove Fund is an early-stage venture capital fund based in Southern California. They support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Specific notable investments not mentioned.
- Jason Calacanis’s LAUNCH Fund
- Details: Led by Jason Calacanis, the LAUNCH Fund invests in early-stage startups. Calacanis is a well-known angel investor and entrepreneur.
- Investment Focus Areas: Technology, media, consumer products
- Notable Investments: Uber, Robinhood, Calm
- The Syndicate
- Details: The Syndicate is a crowdfunding platform for angel investors. It allows accredited investors to pool their resources and invest in startups.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Specific notable investments not mentioned.
- Adasel Global Partners
- Details: Adasel Global Partners is an investment firm that focuses on global opportunities. They have a diverse portfolio across multiple sectors.
- Investment Focus Areas: Technology, finance, healthcare
- Notable Investments: Specific notable investments not mentioned.
What's Next for GoShare?
GoShare's future looks promising with significant opportunities for growth. The company plans to expand its geographic footprint across the US, aiming to serve 50% of the population. This expansion, coupled with the hiring of key executives and continuous product development, positions GoShare to capitalize on the increasing demand for last-mile and middle-mile delivery services.
To support this growth, GoShare may seek additional funding rounds, attracting investors by demonstrating robust market penetration and technological advancements. However, challenges such as driver shortages and competition from other logistics providers could pose hurdles. Maintaining service quality during rapid expansion will be crucial for sustained success.
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