Shipt Raises $40M in Series B Funding

Shipt, a Birmingham, Alabama and San Francisco, CA-based online grocery marketplace, raised a $40M Series B financing.

The round was led by Greycroft Partners, with participation from and Harbert Venture Partners.

The company intends to use the funds to provide service in 100 metro areas within the next year.

Launched in 2014 by CEO Bill Smith, Shipt is an online grocery marketplace, which partners with retailers to deliver groceries via a community of shoppers and an app. The platform now offers personalized grocery delivery to over 20 million households in nearly 50 markets across the country.
The company, which currently has offices in Birmingham, AL and San Francisco, CA, previously raised a $20M Series A round led by Greycroft Partners, and Harbert Growth Partners. Prior to that, it raised a $3M seed round.



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