What is Shipt?
Founded in 2014 and headquartered in Birmingham, Alabama, Shipt operates as a membership-based online marketplace. The company facilitates the delivery of fresh foods and household essentials through its proprietary application, leveraging a network of shoppers to fulfill orders. Shipt's business model focuses on providing convenience and accessibility to consumers seeking a streamlined shopping experience.
How much funding has Shipt raised?
Shipt has raised a total of $65.3M across 3 funding rounds:
Angel/Seed
$5.2M
Series A
$20.1M
Series B
$40M
Angel/Seed (2016): $5.2M, investors not publicly disclosed
Series A (2016): $20.1M led by e.Ventures, Harbert Growth Partners, and Greycroft Partners
Series B (2017): $40M supported by Greycroft Partners, e ventures, and Harbert Venture Partners
Key Investors in Shipt
Greycroft Partners
Greycroft Partners is a venture capital firm specializing in internet and mobile markets, known for leveraging its extensive network to support portfolio companies in gaining visibility and building successful businesses.
e ventures
e.ventures is a venture capital firm that invests in early-stage technology companies, focusing on disruptive business models and global market potential.
Harbert Venture Partners
Harbert Venture Partners, part of Harbert Management Corporation, is a private equity firm that invests in various sectors including technology, e-commerce, and B2B commerce, supporting companies through different growth stages.
What's next for Shipt?
The recent major strategic investment in Shipt signals a pivotal phase for the company, likely aimed at expanding its operational footprint, enhancing its technological infrastructure, and potentially exploring new market verticals. This infusion of capital is expected to fuel further innovation and solidify Shipt's competitive advantage in the rapidly evolving on-demand delivery market. The company's trajectory suggests a focus on scaling its services and deepening its market penetration.
See full Shipt company page
