Perishable Shipping Solutions, a Youngstown, Oh.-based e-commerce company for perishable cold and frozen food fulfillment logistics, raised $8.7M in Series A funding.
The round was led by SJF Ventures with participation from Grotech Ventures and Supply Chain Ventures. In conjunction with the funding, David Griest, Managing Director at SJF Ventures, Lawson DeVries, Managing General Partner at Grotech Ventures and Eric Spiegel, retired CEO of Siemens USA will join the PSS Board of Directors.
The company intends to use the funds to add new fulfillment facilities and personnel in several states and to further develop its multi-channel direct shipping and analytics platform. PSS will also repay its Federal CARES Act loan, which provided vital liquidity during the COVID-19 credit crunch.
Led by Mark Nelson, CEO, Perishable Shipping Solutions provides pick & pack e-commerce order fulfillment services for food and beverage brands requiring temperature-controlled storage and shipping. The company operates from bicoastal facilities and its offerings include environmentally responsible packaging and dedicated customer success teams.
FinSMEs
24/08/2020