ShipBob, a Chicago, IL-based cloud-based logistics platform, raised $200m in Series E funding.
The round was led by Bain Capital Ventures, with participation from prior investors including SoftBank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels and Silicon Valley Bank.
The company, which has raised $330.5m in funding, intends to use the funds to bring its solution to more customers, expand their software platform, scale their global fulfillment network and bolster their omnichannel commerce capabilities.
Founded in 2014 through Y Combinator by co-founders Dhruv Saxena and Divey Gulati, ShipBob is a cloud-based logistics platform designed for small and medium-sized businesses to provide them with access to supply chain and fulfillment capabilities. The platform provides merchants with a single view of their business and customers across all of their sales channels, and enables them to manage products, inventory, orders and shipments, and leverage analytics and reporting to run their business effectively.
Today, the company operates a global logistics network with 24 fulfillment centers across five countries, including the United States, Canada, England, Ireland and Australia.
ShipBob integrates with ecommerce platforms and marketplaces like Amazon, Walmart, Shopify, BigCommerce, WooCommerce, Wix, Square and Squarespace, enabling ecommerce merchants to provide shipping to their customers without having to handle fulfillment themselves. Returns management, inventory management, financing tools and other solutions can also be activated in ShipBob’s apps marketplace to provide brands with a single solution to manage their broader business needs.
FinSMEs
01/07/2021