Shippo, a San Francisco, CA-based eCommerce IT platform, raised $45m in Series D funding and is now being valued at $495m.
The round was led by D1 Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO and founder Laura Behrens Wu, Shippo enables ecommerce businesses, marketplaces, and platforms to connect to multiple shipping carriers around the world from one API and dashboard. Businesses can get shipping rates, print labels, automate international documents, track shipments, and facilitate returns.
Founded in 2013, the company is also backed by Union Square Ventures, Uncork Capital, VersionOne Ventures, FundersClub and others.
Shippo also has a hub in Austin in addition to the one in San Francisco.