What is Shippo?
Shippo operates as a comprehensive shipping solutions provider, facilitating seamless fulfillment processes for a diverse clientele. This includes direct engagement with carriers, integration with e-commerce platforms, partnerships with third-party logistics (3PL) providers, and collaboration with warehouse management systems. Founded in 2013 and headquartered in California, Shippo aims to streamline the complexities of shipping for online businesses, enabling them to manage their logistics more efficiently and cost-effectively. The company's platform provides essential tools for rate comparison, label printing, and shipment tracking, serving as a critical infrastructure component for digital commerce.
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 500.com and Plug and Play
Other Financing Round (2014): $250K led by FundersClub, Dirk Herzbach, Fadi Ghandour, and Taiga Matsuyama
Angel/Seed (2014): $2M supported by Digital Business Factory, East Ventures, Slow Ventures, 500.com, Version One Ventures, SoftTech VC, and FundersClub
Series A (2016): $7M featuring Union Square Ventures, Softech VC, and Version One Ventures
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
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.
Uncork Capital
Uncork Capital is a seed-stage venture firm that commits early to startups and remains involved to provide critical support, focusing on assisting companies through the challenges of early growth.
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911, and offices across multiple continents, investing in a wide range of technology companies.
What's next for Shippo?
The recent major strategic investment signifies a pivotal moment for Shippo, positioning it for accelerated growth and market leadership. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its carrier network, and broadening its service offerings to meet the evolving demands of the e-commerce landscape. As Shippo continues to scale, its focus will remain on providing robust, integrated shipping solutions that empower online sellers to compete effectively. The company's trajectory suggests a continued emphasis on innovation in logistics technology and strategic partnerships to solidify its position in the market.
See full Shippo company page
