When was 71lbs founded?

71lbs was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is 71lbs located?

71lbs is headquartered in Chicago, United States.

Who is the current CEO of 71lbs?

Jose Li of 71lbs. They have also founded 1 company.

How many employees does 71lbs have?

As of Sep 30, 2026, the latest employee count at 71lbs is 41.

Is 71lbs a funded company?

71lbs is a funded company, having raised a total of $2.69M across 6 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 20, 2012.

When was the latest funding round of 71lbs?

71lbs' latest funding was a $***** Angel round on Mar 31, 2015, with participation from 1 investor. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $4.24B in funding in 2026 to date.

Where does 71lbs rank among its competitors?

71lbs ranks 1st amongst 13 active competitors, of which 3 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Dropgo, which secured $13.3K in Apr, 2021.

Who are the top competitors of 71lbs?

71lbs' top competitors include VeriShip, Lupeon and Dimensional Scanner. Among them, Dropgo secured the most recent funding round in April, 2021.

71lbs - 2026 Company Profile, Team, Funding & Competitors

71lbs is a seed company based in Chicago (United States), founded in 2010 by Jose Li. It operates as an Optimizing shipping costs through refunds, negotiations, and insurance solutions. 71lbs has raised $2.69M in funding from IDEA Fund Partners. The company has 13 active competitors, including 3 that are funded. Its top competitors include companies like VeriShip, Lupeon and Dimensional Scanner.

Company Details

Optimizing shipping costs through refunds, negotiations, and insurance solutions. The company provides a suite of services designed to help businesses save money on their shipping expenses. These services include securing refunds for late deliveries, negotiating better shipping contracts, and offering shipping insurance for lost or damaged packages. The company aims to simplify the complexities of shipping logistics and provide cost-effective solutions. It offers a platform to manage claims, track shipments, and gain insights into shipping performance. The company's services are valuable for businesses of all sizes looking to reduce shipping costs and improve their bottom line. It is a B2B service that helps businesses with their shipping needs.

Website: 71lbs.com
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Key Metrics

Founded Year

2010

Location

Chicago, United States

Stage

Seed

Total Funding

$2.69M in 6 rounds

Latest Funding Round

Angel, Mar 31, 2015, $*****

Investors

IDEA Fund Partners & 5 more

Ranked

1^st among 13 active competitors

Employee Count

41 as on Sep 30, 2026

Similar Companies

VeriShip & 12 more

View 71lbs' full profile

71lbs has raised a total funding of $2.69M over 6 rounds. Its first funding round was on Mar 20, 2012. Its latest funding round was a Angel round on Mar 31, 2015 for $*****. 1 investor participated in its latest round. 71lbs has 6 institutional investors.

Here is the list of recent funding rounds of 71lbs:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 31, 2015	3981086	Angel	7470334	6721240	4795437	3235861
Mar 2013	3879986	Seed	7627623	6695740	7385159	2891519
Jan 2013	5388325	Seed	8525601	7493906	6415620	4217283

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View details of 71lbs's funding rounds and investors

The founders of 71lbs is Jose Li. Jose Li is the CEO of 71lbs.

Here are the details of 71lbs' key team members:

Jose Li: Founder & CEO of 71lbs.

View details of 71lbs's Founder profiles and Board Members

71lbs' employee count trend

71lbs has 41 employees as of Sep 26. Here is 71lbs's employee count trend over the years:

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Top competitors of 71lbs include VeriShip, Lupeon and Dimensional Scanner. Here is the list of Top 10 competitors of 71lbs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	71lbs 2010, Chicago (United States), Seed	Optimizing shipping costs through refunds, negotiations, and insurance solutions	$2.69M	OCA Ventures, Pritzker Group & 4 others	35/100
2nd	VeriShip 2005, Kansas City (United States), Funding Raised	Provider of cloud-based parcel audit and intelligence solutions	-	Summit Partners	29/100
3rd	Lupeon 2015, Sao Paulo (Brazil), Seed	Freight payment and audit solution for the logistics industry	$1M	SP Ventures	29/100
4th	Dimensional Scanner 2023, Riverside (United States), Unfunded	Automated cubic scanning and parcel dimensioning system	-	-	27/100
5th	Dropgo 2019, Mumbai (India), Seed	Provider of relay-based parcel delivery solutions	$52.1K	Starterbites & 2 others	23/100
6th	Shipping iO Kaysville (United States), Unfunded	Shippingio – Shippingio	-	-	19/100
7th	Carrier Solutions United Kingdom, Unfunded	Provider of parcel carrier matching and logistics management software services	-	-	16/100
8th	Itrackclaims.com 2009, Unfunded	Developer of software managing parcel claims and logistics carrier disputes	-	-	16/100
9th	Freelink 2022, Shanghai (China), Unfunded	Provider of logistics management services for international parcel shipping operations	-	-	16/100
10th	ShipNLogic San Francisco (United States), Unfunded	Provider of shipping software for label generation and order management	-	-	16/100