{
  "id": 660249,
  "title": "Exclusive: ClearJet raises $25M to build the ‘Uber of Cargo’",
  "url": "https://urgent.news/2026/08/12/exclusive-clearjet-raises-25m-to-build-the-uber-of-cargo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T12:00:18.000Z",
  "source": {
    "name": "Crunchbase News",
    "slug": "crunchbase-news",
    "url": "https://news.crunchbase.com/transportation/clearjet-raises-25m-logistics-ai-seriesb/"
  },
  "original_language": "en",
  "account": "ClearJet, an AI-powered logistics technology startup, has secured $25 million in Series B funding, according to Crunchbase News exclusively. The round, led by Edison Partners, brings ClearJet's total funding to $40 million since its 2022 launch. Other investors in the latest round include returning backers Venture53, Origin Ventures, SaltVC, and SpringTime Ventures. ClearJet's existing investors consist of Sky VC, formerly JetBlue Ventures, and Tandem Ventures.\n\nClearJet's innovative approach to logistics is simple: instead of owning planes or trucks, the company connects shippers with unused cargo capacity on commercial flights already transporting goods between U.S. cities. This enables e-commerce retailers, marketplaces, 3PLs, and major retailers to move packages more efficiently. The startup's network spans 95 U.S. airports, facilitating connections with major U.S. airlines and multiple final-mile delivery providers.\n\nCEO Chris Guggenheim describes ClearJet's network as a \"super carrier,\" emphasizing the company's ability to reduce shipping costs by up to 35% while expediting deliveries by one to three days. By leveraging existing flight routes, ClearJet cuts costs and improves delivery times compared to traditional parcel carriers. The approach has proven successful, with the company reporting profitability, more than tripled revenue year-over-year, and approaching nine figures in annual revenue, according to Guggenheim.\n\nThe market opportunity remains substantial, with ClearJet managing over 30 million packages annually, representing a fraction of the approximately 1.8 billion U.S. parcels eligible for air transport. The market for supply chain management and logistics startups has grown to $8.4 billion in 2026, on track to surpass the $9 billion total for 2025, with over four months left in the year.",
  "summary": "Austin-based ClearJet, an AI-enabled logistics technology startup connects shippers with unused cargo capacity on commercial flights, has raised a $25 million Edison Partners-led Series B, it tells Crunchbase News exclusively.",
  "key_points": [
    "ClearJet raises $25M Series B funding, led by Edison Partners",
    "Startup connects shippers with unused cargo capacity on commercial flights",
    "CEO claims 35% cost reduction and 1-3 day delivery time improvement"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}