<ul><li>Logistics startup Portless, known for its quick shipping and fulfillment model, has raised $18 million in a Series A funding round led by Commerce Ventures, with contributions from FJ Labs, eGateway Capital, Red Swan Ventures, and Group Up Ventures.</li><li>Portless uses a shipping model similar to Shein, delivering products from facilities near manufacturers in China and Vietnam. It previously relied on the de minimis provision but had to adjust after it was ended by the Trump administration on May 2.</li><li>With the end of de minimis disrupting global supply chains, Portless offers brands the ability to defer duty payments until orders reach customers and pays duties on their behalf. The startup plans to expand into India and enhance its supply-chain services.</li><li>Portless works primarily with mid-market brands and aims to improve their cash flow by fulfilling small orders faster. The company intends to introduce new services and expand into additional markets with the recently raised funds.</li></ul>

This logistics startup is getting 'buried in inbound' from brands after de minimis ended. It just raised $18 million.

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