What is Shippo?
Shippo operates as a comprehensive shipping solutions provider, integrating with a wide array of carriers, e-commerce platforms, third-party logistics (3PL) providers, and warehouse management systems. Founded in 2013 and headquartered in California, the company is dedicated to optimizing the fulfillment process for online businesses. Its technology empowers sellers to manage shipping efficiently, offering competitive rates and seamless integration across various operational touchpoints. The company's consistent access to capital indicates strong market validation and a clear demand for its innovative logistics technology.
How much funding has Shippo raised?
Shippo has raised a total of $154.3M across 8 funding rounds:
Multiple Rounds
$2.3M
Series A
$7M
Series B
$20M
Series C
$30M
Series D
$45M
Other Financing Round
$50M
Other Financing Round (2014): $25K with participation from Plug and Play and 500.com
Other Financing Round (2014): $250K led by FundersClub, Taiga Matsuyama, Fadi Ghandour, and Dirk Herzbach
Angel/Seed (2014): $2M supported by East Ventures, FundersClub, 500.com, SoftTech VC, Slow Ventures, Version One Ventures, and Digital Business Factory
Series A (2016): $7M featuring Union Square Ventures, Version One Ventures, and Softech VC
Series B (2017): $20M backed by Union Square Ventures, Uncork Capital, Shanti Bergel, and Bessemer Venture Partners
Series C (2020): $30M with participation from Version One, Union Square Ventures, Uncork Capital, D1 Capital Partners, and Bessemer Venture Partners
Series D (2021): $45M, investors not publicly disclosed
Other Financing Round (2021): $50M supported by Bessemer Venture Partners
Key Investors in Shippo
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911. They have offices globally and focus on investing in innovative companies across various sectors, supporting entrepreneurs from early stages through growth.
Union Square Ventures
Union Square Ventures is a New York City-based venture capital firm that invests in transformative markets influenced by technological and societal changes, focusing on innovative companies poised for growth.
Version One Ventures
Version One Ventures is an early-stage venture fund that invests in mission-driven founders in emerging markets, dedicated to supporting bold entrepreneurs with innovative ideas.
What's next for Shippo?
The substantial capital infusion, particularly the recent major strategic investment, positions Shippo for accelerated expansion and further technological development. This funding will likely fuel enhancements to its platform, enabling broader carrier integrations, deeper analytics for sellers, and potentially new service offerings. As Shippo continues to scale, its focus will remain on providing scalable and cost-effective shipping solutions, solidifying its position as a critical infrastructure provider for the e-commerce ecosystem. The company's trajectory suggests a move towards further market penetration and potentially exploring new verticals within the broader logistics and supply chain industry.
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