AUSTIN STARTUP POISED TO JOIN ELITE GROUP OF ‘UNICORN’ COMPANIES WORTH $1 BILLION
An Austin startup is poised to enter the elite ranks of companies valued at $1 billion or more. A list published May 28 by Forbes identifies Shipwell, whose platform helps businesses manage shipping logistics, as a future “unicorn.”
Since its founding in 2016 by Gregory Price and Jason Traff, Shipwell has raised more than $47 million in outside funding. That includes a $35 million haul announced in October 2019. Forbes estimates Shipwell’s 2019 revenue at $30 million, generated from more than 4,000 customers.
Two Austin companies also show up on the list of current unicorns — RigUp, which operates a marketplace for energy employers that are seeking on-demand labor, and Kendra Scott, the jewelry purveyor. RigUp is valued at $1.9 billion, according to CB Insights, and Kendra Scott is valued at $1 billion.
Source Credit: Culture Map Austin
