Shipfusion, a Chicago, IL-based provider of eCommerce fulfillment and technology solutions, raised $40M in funding.
The round was led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors. As part of this round of financing, Leon Chen of Kayne Partners will join the Company’s Board of Directors.
The company intends to use the funds to accelerate its growth and global expansion to support more customers with new strategic warehouse locations, along with advanced technology enhancements to its platform.
Founded by Brandon Luft and Michael Stock and also led by Chief Operating Officer Jared Cantor, Shipfusion provides eCommerce fulfillment and technology solutions that givee brands the tools for building an eCommerce operation via fully managed and operated warehouses, expert inventory management, and real-time technology.
In addition to established distribution centers in Chicago, Los Angeles, and Toronto, the company recently announced the launch of its 250,000+ square foot warehouse in Las Vegas, a growing hub for many logistics companies in North America. All facilities are operated by Shipfusion, and powered by its proprietary warehouse management systems. In addition to being a leader in D2C fulfillment, Shipfusion has also built technology around B2B fulfillment, partnering with EDI integrators such as SPS Commerce.
While services clients across a range of verticals, it has invested into the health & supplement and food-related eCommerce market, offering temperature-controlled storage, special handling certifications, end-to-end lot tracking, and FDA-registered facilities.
FinSMEs
14/04/2022