Coldcart

When you’re shipping perishable products, small differences have a significant impact: • 1 lb. more or less of dry ice • 1% higher or lower on-time delivery • Releasing an order 1 hour earlier or later The more customized and precise you can be on every individual shipment, the more you can reduce costs and spoilage. However, traditional operations and software are designed for standardization - the opposite of this. If you’re a perishable shipper relying on traditional solutions, you will never be able to reach the level of efficiency you need. Thank you, Lynn Pornschlegel 潘琳 and Pia Mangold, for an insightful discussion about Coldcart and the depth and detail of optimization required in perishable shipping. #coldchain #logistics #ecommerce #3pls

[Article] Chicago startup Coldcart is trying to make shipping cold products less of a chore. #logistics #startups #food #chicago #chicagobiz

Very excited to see that the episode I did a while back with Kevin Lawton, CLTD via The New Warehouse is live today! It's a wonderful opportunity to showcase for the masses all the cool things happening within the perishable sector of the industry, and specifically at Coldcart. Please listen, like & share with anyone who lives in the complex world of #dtc #coldchain #fulfillment.

If a pair of jeans delivers late, the customer gets annoyed. If a perishable product delivers late, it spoils. The customer gets a refund. Most perishable parcel shippers don’t plan for spoilage and refunds. So, their ops teams consolidate all their shipping volume with a single carrier. Like any good ops team would. More volume equals better rates. Obviously. The problem: there’s no such thing as 100% on-time delivery. At any given time, 5-15% of shipments will deliver late, and therefore spoil. For a perishable parcel shipper, this means you should expect to refund 5-15% of your sales due to spoilage. Whether it’s 5%, 15%, or somewhere in between depends on the day. Stated differently, if your average revenue per order is $70, spoilage and refunds cost you anywhere between $3.50 and $10.50 per order. Depending on the day. But, it gets worse. Turns out, customers don't like receiving spoiled product. After one or two bad experiences, they’re gone. So, you’re not just losing on the cost of refunds - you’re also spending more on marketing to replace those lost customers. Whatever your carrier’s late delivery % is, that is the % of sales you refund. That % changes every day, in every zip code, for reasons outside your control. On some days, your carrier will be better than others. On other days, your carrier will be worse. In a perfect world, you would be able to pick a different carrier for every individual shipment, depending on who has the best on-time delivery at that moment. Furthermore, it would be better to pay *at least* $2.00 more on every shipment to do that, versus consolidating your volume with a single carrier whose rates are $2.00 lower per shipment. And yet, if you were to ask a traditional operator to pick one or the other, how many do you think would pick the second option? 😵💫

Meet our Portfolio 👋🏾 || #CollideOnPurpose Coldcart is revolutionizing the cold chain logistics industry by seamlessly connecting businesses with a network of top-tier 3PL fulfillment partners and specialized final mile carriers. Unlike traditional 3PLs, Coldcart leverages cutting-edge routing and optimization technology to provide tailored delivery solutions that cater to the unique demands of perishable goods. By streamlining the entire process—from order fulfillment to final mile delivery—Coldcart ensures that products reach their destination fresh, fast, and efficiently, setting a new standard in perishable shipping logistics. CEO & Co-Founder: Jason Park Transforming perishable shipping logistics: https://buff.ly/3AtKXcS

From a fan... 😂

in our first conversation, Jason Park's clarity of vision and great storytelling ability, coupled with strong financial fundamentals & business velocity, really impressed us. really excited to be partnering with the Coldcart team on their seed round & working with some wonderful coinvestors including Collide Capital, Great North Ventures, and more!

We are thrilled to announce that Great North Ventures has participated in Coldcart's oversubscribed $6.5 million seed funding round! This round was led by Collide Capital. Our fellow participants include Behind Genius Ventures, Feld Ventures, Alumni Ventures, and Service Provider Capital. Coldcart, the first orchestration and optimization platform for frozen and refrigerated parcel logistics, is set to revolutionize the perishable shipping industry with its innovative approach. Coldcart’s platform addresses the significant inefficiencies and high costs associated with perishable parcel shipping. By leveraging real-time data to optimize routing, packaging, and shipping, Coldcart reduces logistics costs by 15-50% per shipment and cuts refundable shipments by 40-60%. This game-changing technology is supported by a growing network of 15 fulfillment centers and multiple delivery carriers across the U.S., ensuring comprehensive coverage and efficiency. Congrats to Co-Founders Jason Park, Matt Salzberg and the entire team!

At Coldcart, we work with many brands and 3PLs in the D2C food and beverage category. Recently, we looked at a sample of about 850 companies, to see the mix of frozen and refrigerated products. What this showed: In frozen and refrigerated, there are a similar number of medium and large sized companies. However, there are 10X as many small companies offering frozen products, compared to refrigerated. What this says: It’s a LOT harder to scale a D2C business with refrigerated products. Cheers to those who have succeeded. Matt Salzberg Fabian Siegel Alice Thompson Abhi Ramesh Ashley Zager #d2c #ecommerce #cpg #foodandbeverage #supplychain #coldchain #coldcart