ShipBob, a Chicago, IL-based technology company that streamlines fulfillment for e-commerce businesses, raised $17.5m in funding.
The round was led by Bain Capital Ventures with participation from existing investors Hyde Park Venture Partners, FundersClub, Hyde Park Angels and FJ Labs LLC.
The company intends to use the funds to accelerate growth and expand its software platform.
Founded in 2014 by Dhruv Saxena, CEO, and Divey Gulati, ShipBob provides a logistics and fulfillment solution for thousands of e-commerce businesses, providing them with in-house shipping and advanced technology for Amazon-scale logistics. Its proprietary software enables customers to predict trends, shopping habits and geographic insights across multiple industries and selling channels, powering multiple fulfillment centers across the country – Chicago, Los Angeles, New York and now San Francisco – to provide same-day fulfillment and ground service for package delivery in 1-2 business days.
Launched through Y Combinator, ShipBob has shipped more than two million packages to date with partnerships with online e-commerce platforms such as eBay, Shopify, Amazon and more.