USA – ShipBob, a Chicago, IL-based ecommerce enablement technology company that provides fulfillment by bringing fast shipping options to ecommerce businesses, raised $68m in Series D funding.
The round was led by SoftBank Vision Fund 2. Prior investors include Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator. In conjunction with the funding, SoftBank Investment Advisers Managing Partner, Ervin Tu, will be joining the ShipBob board of directors. The new capital will enhance the company’s capabilities to bring its solutions to more customers, accelerate growth, expand its software platform and scale its global fulfillment network. Founded in 2014, and launched through Y Combinator by co-founders Dhruv Saxena Divey Gulati, ShipBob is a technology company that offers fulfillment for thousands of ecommerce businesses through their full-stack technology and ten fulfillment centers across the US, Canada and Europe. The solution focuses on the needs of direct-to-consumer retail brands and their need to manage inventory and ship orders safely and quickly while maintaining their brand identity. ShipBob integrates with all leading ecommerce platforms and marketplaces like Amazon, Walmart, Shopify, BigCommerce, Wix and Squarespace. These integrations enable nearly all emerging brands to provide fast shipping to their customers without having to handle fulfillment themselves. Beyond fulfillment, partners and integrations such as returns management, inventory management and financing solutions can be activated in the company’s apps marketplace to provide brands with a one-stop shop to manage their business. The company has raised $130.5 million in funding to date. 29/09/2020
