STYX

Based in Tbilisi, Georgia, STYX operates as a technology-driven logistics company, establishing a digital marketplace that connects shippers with carriers. Founded in 2016, the company aimed to address prevalent issues in the local logistics market, such as unstable pricing and inadequate communication between clients and transportation providers. A notable early achievement was winning the Seedstars Tbilisi competition in 2018, which recognized it as a promising seed-stage startup.

The company's core offering is a SaaS platform and mobile application that functions as a comprehensive solution for ground logistics. This digital ecosystem allows shippers to post available freight and provides carriers with the tools to accept and manage these shipments. Key features for clients, particularly small and medium-sized enterprises, include fleet and warehouse management, automatic route planning and assignment, and tools for monitoring truck maintenance, fuel consumption, and finances. This integrated system gives shippers the ability to track their freight around the clock.

STYX's business model is centered on its online marketplace, which is free to use for all parties. Revenue is generated by charging carriers a commission only when they secure paid work through the platform. This approach allows carriers to grow their business on their own terms while offering shippers competitive pricing by avoiding inflated rates. The platform also helps carriers earn additional income by finding cargo to fill empty space on return journeys. The company has pursued a funding strategy that includes multiple seed rounds and a Series A round in January 2020.

Keywords: logistics tech, freight marketplace, shipping, SaaS, mobile application, carrier services, shipper solutions, ground transportation, supply chain, fleet management