ShipBob raises $40 million funding to compete with Amazon

ShipBob raises $40 million funding to compete with Amazon

ShipBob, the e-commerce fulfillment startup has reportedly raised $40 million in new funding to expand the warehousing and technology services it offers small- and medium-size brands to compete with Amazon.com Inc.

According to the Wall Street Journal the Series C funding round was led by Menlo Ventures and includes existing investors Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator. ShipBob has raised a total of $62 million but would not disclose its valuation.

The Chicago-based company, which launched in 2014, operates five warehouses in major cities where it fulfills customer orders within one to two days for more than 2,000 internet retailers. The company says it has shipped more than 4 million packages for customers that include Interior Define, I Heart Keenwah, baKblade, and Creepy Co.

For the full story see:

https://www.wsj.com/articles/shipbob-raises-40-million-to-back-e-commerce-fulfillment-growth-1536206461?ce_b4=cm9zc2VtaWx5MTIzQGhvdG1haWwuY29t&cas_b4=dG9tLmpvYW5ub3VAdHJpYW5nbGUuZXUuY29t&utm_medium=email&utm_source=outlook&coid=dHJpYW5nbGV8MTUzNjU3NDY5NXwyNjI2Mw%3D%3D

 

Relevant Directory Listings

Listing image

Escher

Escher powers the world’s first and last mile deliveries, helping Posts connect nearly 1 billion consumers with global ecommerce networks. Postal operators rely on Escher to deliver an enhanced retail and digital customer experience, to activate new revenue streams, and to realize new delivery economics. […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Which one of the following SCM technologies will you be investing in over the next 2-3 years?

Thank you for voting
You have already voted on this poll
Please select an option!





MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This