What is Shippit?
Shippit provides a sophisticated cloud-based software platform designed to streamline the fulfillment and shipping processes for businesses of all sizes. By enabling clients to manage package logistics from any location, the company addresses the critical need for agility and visibility in modern supply chains. Its market position is defined by its ability to integrate seamlessly into existing retail ecosystems, effectively reducing the friction associated with multi-channel distribution and last-mile delivery. As a leader in the logistics SaaS space, Shippit continues to refine its technology stack to support high-volume enterprise clients, ensuring that shipping operations remain efficient, scalable, and data-driven.
How much funding has Shippit raised?
Shippit has raised a total of $71.2M across 4 funding rounds:
Angel/Seed
$500K
Angel/Seed
$500K
Series A
$2.2M
Series B
$68M
Angel/Seed (2015): $500K with participation from Equity Venture Partners
Angel/Seed (2015): $500K, investors not publicly disclosed
Series A (2017): $2.2M supported by RTL Group, The Aura Group, and AddVenture Fund
Series B (2022): $68M featuring Tiger Global, Jason Lenga, SecondQuarter, Perennial, and Siteminder
Key Investors in Shippit
RTL Group
RTL Group is a leading European media company specializing in broadcasting, content production, and digital media services with a vast international network.
AddVenture Fund
Tidal Ventures, formerly AddVenture Fund, provides venture capital services and strategic guidance to innovative startups and growth-oriented businesses.
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group headquartered in the United Kingdom, focused on supporting industrial and commercial growth.
What's next for Shippit?
With the successful closure of this major strategic investment, Shippit is well-positioned to accelerate its product development roadmap and expand its footprint in key international markets. The company is expected to leverage this capital to enhance its automation capabilities, further integrating artificial intelligence into its fulfillment engine to optimize delivery routes and reduce operational overhead. As the demand for resilient supply chain technology continues to rise, Shippit's focus will likely shift toward deepening its enterprise partnerships and scaling its infrastructure to meet the evolving requirements of global commerce. This strategic phase marks a transition from rapid growth to sustained market leadership, as the firm continues to set the standard for digital fulfillment solutions.
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