ClearJet raises $25M Series B for its 'Uber of cargo' network
What's the deal? ClearJetDealroom has a profile for this one. Try Dealroom →, an Austin-based AI-enabled logistics startup, has raised a $25 million Series B led by Edison PartnersDealroom has a profile for this one. Try Dealroom →. Returning backers Venture53Dealroom has a profile for this one. Try Dealroom →, Origin VenturesDealroom has a profile for this one. Try Dealroom →, SaltVC, and SpringTime VenturesDealroom has a profile for this one. Try Dealroom → also joined the round, bringing total funding to $40 million since the company's 2022 founding.
How it works: Rather than own planes or trucks, ClearJet connects shippers with unused cargo capacity on commercial flights already flying between US cities. Founder and chief executive officer Chris Guggenheim calls the resulting network — spanning 95 US airports — a "super carrier." Retailers connect through an API and generate a two-day shipping label. ClearJet picks up packages, sorts and screens them, loads them onto passenger flights, then hands them to final-mile providers such as FedExDealroom has a profile for this one. Try Dealroom →, the US Postal Service, DoorDash, Uber, OnTracDealroom has a profile for this one. Try Dealroom →, and Veho.
The startup says its asset-light model can cut shipping costs by as much as 35% while speeding deliveries by one to three days. ClearJet is profitable, with revenue more than tripling year over year and approaching nine figures. It moves more than 30 million packages annually — still a fraction of the roughly 1.8 billion US parcels it considers eligible to move by air.
Read more: Crunchbase News
Image credit: ClearJet
