News

Deliverr raises USD 40 mln to fuel two-day delivery for ecommerce sellers

Tuesday 11 February 2020 13:58 CET | News

Deliverr has raised USD 40 million in a new funding round, bringing its total raised to USD 70 million.

The funding round was led by Activant Capital, with other investors that included 8VC, GLP, and Ryan Petersen, founder and CEO of logistics and supply chain software platform Flexport.

Deliverr is a startup that uses data and a network of warehouse partners to strategically position inventory and enable fast ecommerce deliveries for its customers. Through partnerships with owners of warehouses across the country, the startup uses shippers’ data and its own algorithm to determine where to place inventory in unused space in high-demand areas for fast delivery, tapping the warehouses’ own fulfilment capabilities.

Deliverr integrates with ecommerce marketplaces like Walmart.com, eBay, and Shopify. The startup will use new funding to improve its machine learning capabilities for predicting demand and correctly positioning inventory, to add new ecommerce marketplace extensions, and to expand its team at its offices in San Francisco, Chicago, and Toronto.

More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Deliverr, funding round, startup, ecommerce, marketplaces
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce