Portless, a logistics startup, has successfully raised $18 million in a Series A funding round led by Commerce Ventures, aimed at enhancing shipping for brands. By adopting a Shein-like model, it focuses on rapid shipping from fulfillment centers in Shenzhen, China, targeting Western brands. Following the termination of the de minimis provision by the Trump administration, which eased duty-free imports, Portless planned its pivot to still provide competitive logistics solutions. Its unique offering allows brands to defer duty payments until goods cross borders, alleviating tariff impacts while ensuring fast delivery to customers.
"Portless is positioned to thrive as it assists brands in navigating the complexities of duty payments and supply chains disrupted by tariffs, ensuring swift delivery to customers."
"Our approach allows brands to defer their duty payments, which is crucial in today's tariff-affected landscape, giving us a competitive edge in logistics."
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