Shipwire Receives Equity Investment

Shipwire, a Palo Alto, CA-based provider of outsourced order fulfillment services, has received an equity investment of undisclosed amount.

Investors include new backers eBay (NASDAQ: EBAY) and Newell Rubbermaid (NYSE: NWL) and existing shareholder Meakem Becker Venture Capital.

The company intends to use the funding to expand into new countries, and accelerate the enterprise feature development of the Store-Sell-Ship™ cloud logistics platform.

Led by Founder and CEO Damon Schechter, Shipwire is a cloud-based provider of shipping software, and outsourced pick-pack and ship ecommerce order fulfillment services, with a global network of warehouses. Online sellers send their inventory to one of Shipwire’s warehouses in the U.S., Canada, or Europe, and instantly connect Shipwire to their online store or marketplace. Customers buy from the merchant online.

In conjunction with the funding, Jean-Francois Van Kerckhove, Vice President and Head of Corporate Strategy at eBay, and Amine Khechfe, the founder and general manager of DYMO Endicia, Newell Rubbermaid’s Global Business and Technology Solutions division, will join the company’s board along with the former president of FedEx Ground Ivan Hoffman.



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