What is Shipt?
Founded in 2014 and headquartered in Birmingham, Alabama, Shipt operates as a membership-based online marketplace. The company specializes in delivering fresh foods and household essentials directly to consumers through its intuitive application. Shipt leverages a dedicated community of shoppers to fulfill orders, positioning itself as a key competitor in the rapidly evolving e-commerce and same-day delivery landscape. Its business model focuses on convenience and reliability for consumers seeking to streamline their grocery and household shopping.
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 Greycroft Partners, e.Ventures, and Harbert Growth Partners
Series B (2017): $40M supported by e ventures, Greycroft Partners, and Harbert Venture Partners
Key Investors in Shipt
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful businesses. They manage over $1 billion and have made numerous investments in prominent tech companies.
Harbert Venture Partners
Harbert Venture Partners, based in Birmingham, Alabama, specializes in making investments in later-stage companies across various sectors including technology and e-commerce. They are part of Harbert Management Corporation, a firm with a long history of private equity investments.
e ventures
e ventures is an investment firm that has participated in Shipt's funding rounds, contributing to the company's growth capital. Their involvement highlights a strategic interest in the online marketplace and delivery sector.
What's next for Shipt?
The recent major strategic investment in Shipt signals a strong vote of confidence from its backers, likely enabling the company to further enhance its technological infrastructure, expand its service areas, and potentially broaden its product offerings. This capital infusion is expected to fuel continued growth and innovation within the competitive online delivery market. Shipt's focus on a membership model and its strategic partnerships are likely to be key drivers in its future development, aiming to solidify its market position and explore new avenues for expansion.
See full Shipt company page
