
Carrypicker
A freight forwarding company that makes transportation easier.
Date | Investors | Amount | Round |
---|---|---|---|
* | €2.4m | Early VC | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | (85 %) | - |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Carrypicker GmbH operates as a digital freight forwarding company, conceptualizing itself as the next generation of logistics. Founded in Hamburg, Germany, in 2017 by Andreas Karanas, the firm aims to address core inefficiencies within the road transport market. Karanas brought previous startup experience to this venture, including co-founding the logistics startup Cargonexx, which provided a foundational understanding of the industry's challenges.
The company's business model is centered on its proprietary artificial intelligence platform, which optimizes the consolidation of less-than-truckload (LTL) shipments. Acting as a forwarder, Carrypicker assumes the full transport risk but does not own its own fleet of trucks. Instead, it purchases freight capacity from a network of approximately 2,000 transport partners. The platform's AI, built upon an analysis of 300 million freight data sets, calculates the most efficient way to bundle multiple partial loads into optimized full truckload tours. This process considers up to 50 different factors, including weather and loading conditions, to plan routes. By digitally managing and automating the disposition process, the company seeks to increase the average truck load factor from 70% to over 80%.
For its clients, which include both medium-sized businesses and large corporations, Carrypicker offers a streamlined "one-click-order" system where transport jobs can be uploaded, after which the platform handles the complete order management. This digital approach provides shippers with market-based, daily-updated pricing and real-time tracking of their goods, eliminating much of the traditional paperwork and manual coordination. For carriers, the service provides an opportunity for higher and more efficient capacity utilization. The company's efforts were supported by a significant research grant from the German Federal Ministry of Transport and Digital Infrastructure (BMVI). The company's operations appear to have ceased, with corporate registry data indicating a liquidation process initiated in early 2022.
Keywords: digital freight forwarder, logistics technology, artificial intelligence, less-than-truckload, LTL consolidation, freight optimization, transport management, Andreas Karanas, load factor, road freight, supply chain technology, digital logistics, freight bundling, automated dispatch, transport efficiency, real-time tracking, Cargonexx, Hamburg logistics, freight data analytics, B2B logistics