// startup autopsy
ShipItWise
Instant dynamic shipping quotes powered by advanced algorithms to disrupt freight forwarding.
marketfitAcqui-hire
Key Events Timeline
FOUNDING
ShipItWise founded in Estonia by 5 co-founders as a SaaS platform for instant shipping quotes.
FUNDING
First of 5 funding rounds completed, eventually raising €419.4K total.
MILESTONE
Company reached peak operations with development of API to digitalize freight forwarding price lists.
MARKET FEEDBACK
Major freight companies told ShipItWise they were 2-5 years too early and saw no financial incentive to adopt the platform.
SHUTDOWN
ShipItWise announced shutdown due to lack of market demand and inability to convince incumbents.
ACQUISITION
ShipItWise assets, people and customer contracts acquired by Speys in an acqui-hire deal.