Uber Freight Revenue, Valuation, Funding & Investors

Uber Freight is valued at $3.3B as of October 2020, a 15.6x multiple on its last reported $211M revenue.

Last Uber Freight valuation

$3.3B

Series A · Oct 2020

Last Uber Freight funding round

$550M

Undisclosed stage · Nov 2021

Uber Freight revenue

$211M

Series A · Oct 2020

Key investors in Uber Freight

  • D1 Capital Partners
  • Greenbriar Equity Group
  • GCM Grosvenor
  • Abu Dhabi Growth Fund

Uber Freight Overview

About Uber Freight

Uber Freight is a San Francisco-headquartered digital freight brokerage founded in 2017 that matches shippers with carriers through its app and TMS platform. It handles full truckload shipments across the US, offering transparent pricing, instant booking, and ELD-compliant tracking. Uber Freight serves clients like Tyson Foods and Nestle, managing $5 billion in annual freight volume with 100,000-plus carriers. The company expanded into Mexico in 2022 with cross-border services.


Founded

2017

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Revenue

$211M (Oct 2020)

Valuation

$3.3B (Oct 2020)

Uber Freight Valuation

Uber Freight is currently valued at $3.3B, based on its Series A in October 2020.

The $500M round was led by Greenbriar Equity Group.

Uber Freight valuation by funding round

Uber Freight valuation by funding round
DateStageValuationRevenue Multiple
Oct 2020Series A$3.3B15.6x

Uber Freight Revenue

Uber Freight's latest recorded revenue is $211M, as of its Series A in October 2020. At a $3.3B valuation, that implies a 15.6x revenue multiple.

Uber Freight revenue by funding round

Uber Freight revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2020$211M$3.3B15.6xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Uber Freight Funding History

Uber Freight has raised a total of $1.1B across 2 funding rounds.

Uber Freight's first fundraising round was a $500M Series A in October 2020. The most recent completed round was a $550M undisclosed-stage round in November 2021.

Uber Freight funding rounds

Uber Freight funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Undisclosed stageAbu Dhabi Growth Fund; GCM Grosvenor; D1 Capital Partners$550M-Uber Freight, a digital freight brokerage and logistics platform under Uber Technologies, raised $550 million in an unattributed round on November 24, 2021, from investors including Abu Dhabi Fund for Development, D1 Capital Partners, and GCM Grosvenor. The funding supported Uber Freight's growth in matching shippers with carriers via its intelligent logistics platform. In Uber's Q3 2021 earnings (ended September 30, 2021, near the round date), the Freight segment reported revenue of $402 million, up 40% year-over-year, with gross bookings of $402 million, reflecting strong demand amid supply chain disruptions. Uber Freight was noted to have 5,001-10,000 employees at some point, focusing on transportation and logistics. Uber Freight had not divested by late 2021, unlike earlier European Freight sale in 2020, and continued operating as part of Uber's offerings alongside Mobility and Delivery.
Oct 2020Series AGreenbriar Equity Group (lead)$500M$3.3BUber Freight, the logistics arm of Uber Technologies launched in 2017, provides a digital platform connecting shippers and carriers with technology to streamline freight booking, tracking, and management. In October 2020, an investor group led by Greenbriar Equity Group committed $500 million in a Series A preferred stock financing, valuing Uber Freight at a $3.3 billion post-money basis. Uber maintained majority ownership post-investment, with Greenbriar managing partners Michael Weiss and Jill Raker joining the board. The funding aims to scale the logistics platform, accelerate product innovation, and equip shippers with supply chain technology. Uber Freight reported $211 million in revenue for Q2 2020, up 27% from the prior year, though it posted an adjusted net loss of $49 million, improved from $52 million the previous year. Greenbriar Equity Group, founded in 1999 with over $4 billion in committed capital, specializes in logistics and transportation investments. The transaction's initial closing was expected in October 2020, positioning Uber Freight to compete with rivals like Flock Freight, Loadsmart, BlackBuck, FreightHub, and Manbang Group by leveraging Uber's marketplace technology.

Who has invested in Uber Freight?

4 investors have backed Uber Freight across its funding rounds, including D1 Capital Partners, Greenbriar Equity Group, GCM Grosvenor and Abu Dhabi Growth Fund.

Lead investors include Greenbriar Equity Group.


Uber Freight Investors

Investors in Uber Freight by funding rounds participated
InvestorHQRoundsRoleFirst check
Abu Dhabi Growth FundUAEAbu Dhabi1ParticipantNov 2021
GCM GrosvenorUnited StatesChicago, IL1ParticipantNov 2021

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Acquisitions by Uber Freight

Uber Freight has acquired 1 company to date.

Last acquisition by Uber Freight was on July 22nd 2021. Uber Freight acquired Transplace for $2.3B.


Latest Acquisitions by Uber Freight

Transplace
Description
Transplace is a Frisco-based third-party logistics provider offering transportation management systems and brokerage for CPG and retail shippers. Acquired by Uber Freight in 2021, it manages 2 million loads annually via cloud TMS, intermodal services, and consulting for network optimization. Platforms cover LTL, truckload, and ocean freight across North America.
HQ CountryUnited States
HQ City
Dallas, TX
Deal Date22 Jul 2021
Valuation$2.3B
EV/Revenue
EV/EBITDA

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Investments by Uber Freight

Uber Freight has invested in 1 company to date.

Latest investment by Uber Freight was on November 13th 2025. Uber Freight invested in Better Trucks in their Strategic investment round.


Latest Investments by Uber Freight

Better Trucks
Description
Better Trucks is a Seattle-based last-mile carrier focusing on residential parcel delivery in the Pacific Northwest. The company uses proprietary routing algorithms for same-day drops in urban areas like Portland and Vancouver. It serves Amazon and UPS overflow volumes. Founded in 2020, Better Trucks employs purpose-built electric vans across Washington and Oregon.
HQ CountryUnited States
HQ City
Chicago, IL
Deal Date13 Nov 2025
RoundStrategic investment
Raisedundisclosed
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Uber Freight Competitors

Uber Freight competitors include listed companies like Delhivery and Transfar Zhilian Co, and private ones like Loggi, Forto, EasyPost and Xpressbees.

Public and private companies comparable to Uber Freight
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LoggiBrazilSão PauloPrivate--$1.8B-
DelhiveryIndiaIndiaPublicly listed$1.1B$80M$3.4B2.7x
FortoGermanyBerlinPrivate--$2.1B-
Transfar Zhilian CoChinaChinaPublicly listed$3.7B$258M$1.9B1.3x
EasyPostUnited StatesSalt Lake City, UTPrivate--$1.5B-
XpressbeesIndiaPunePrivate$271M-$1.4B5.2x

Uber Freight Public Comps

Uber Freight is still privately-owned, but its public comps include RXO, Delhivery, TravelSky, Mitsubishi Logistics, STO Express, Kamigumi, Asyad Shipping, Zhonggu Logistic, Yunda Holding Group and SAL Logistics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RXO$5.7B$36M0.7x0.6x112.1x31.7x
Delhivery$1.1B$80M2.9x2.7x40.1x38.9x
TravelSky$1.3B$518M0.9x0.9x2.3x2.3x
Mitsubishi Logistics$1.8B$633M2.2x2.2x6.1x17.2x
STO Express$8.3B$616M0.5x0.5x7.1x6.2x
Kamigumi$1.9B$377M1.6x1.6x8.2x9.6x
Asyad Shipping$875M$564M5.6x5.2x8.7x8.3x
Zhonggu Logistic$1.6B$508M2.1x2.0x6.6x5.9x

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Common questions about Uber Freight

When was Uber Freight founded?Uber Freight was founded in 2017.
Where is Uber Freight headquartered?Uber Freight is headquartered in San Francisco, CA, United States.
Is Uber Freight publicly listed?No, Uber Freight is a private, VC-backed company.
What is Uber Freight's valuation?Uber Freight was last valued at $3.3B in its Series A in October 2020.
How much funding has Uber Freight raised?Uber Freight has raised $1.1B across 2 funding rounds.
What was Uber Freight's last funding round?Uber Freight's last funding round was a $550M undisclosed-stage round in November 2021.
Who are Uber Freight's investors?Uber Freight's investors include Abu Dhabi Growth Fund, GCM Grosvenor, Greenbriar Equity Group and D1 Capital Partners.
What is Uber Freight's revenue?Uber Freight's latest recorded revenue is $211M (October 2020).
What is Uber Freight's revenue multiple?Uber Freight's latest valuation implies a 15.6x revenue multiple ($3.3B valuation on $211M of revenue).
Which companies are comparable to Uber Freight?Companies comparable to Uber Freight include Loggi, Delhivery, Forto, Transfar Zhilian Co, EasyPost and Xpressbees.
How many companies has Uber Freight acquired?Uber Freight has acquired 1 company, including Transplace.
What was the largest acquisition by Uber Freight?The $2.3B acquisition of Transplace in July 2021 is the largest acquisition Uber Freight has made to date.
How many companies has Uber Freight invested in?Uber Freight has invested in 1 company, including Better Trucks.
What was Uber Freight's last investment?In November 2025, Uber Freight invested in Better Trucks' strategic investment round.

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