Shippo, a San Francisco, CA-based shipping platform for business, closed a $20m Series B round of financing.
The round, which brings the company’s total funding to $29m, was led by Bessemer Venture Partners, with participation from Union Square Ventures, SoftTech VC, VersionOne Ventures, and 500 Startups.
The company intends to use the funds to deliver innovative solutions and bottom-line growth to customers who want to ship both domestically and internationally.
Led by Laura Behrens Wu, CEO and co-founder, Shippo provides a web app and multi-carrier API to enable merchants and platforms to get real-time rates, print labels, automate international paperwork, track packages and facilitate returns.
The company has more than 15,000 customers including eBay, Tuft & Needle, GOAT, Ipsy, Loot Crate and Marley Spoon by Martha Stewart.