ShipBob receives USD 68 mln in series D funding

Wednesday 30 September 2020 09:00 CET | News

ShipBob, an ecommerce enablement technology company, has announced USD 68 million in series D funding.

The new capital is expected to help the company in bringing its products to more customers, expanding its software platform, and scaling its global fulfillment network. The Series D financing was led by SoftBank Vision Fund 2. Prior investors include Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator.

ShipBob looks to integrate with major ecommerce platforms and marketplaces like Amazon, Walmart, Shopify, BigCommerce, Wix and Squarespace. These integrations help emerging brands to provide fast shipping to their customers without having to handle fulfillment themselves. Beyond fulfillment, partners and integrations – such as returns management, inventory management, and financing solutions – can be seen in ShipBob’s apps marketplace to provide brands with a one-stop shop to manage their business.

The company’s warehouse management system is used within all ten of their fulfillment centres across the US, Canada and Europe, which allows them to stand up new facilities in weeks instead of quarters. ShipBob expects to open two more US facilities in Q4 and another ten facilities across North America, Europe, Asia and Australia in 2021.

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Keywords: ShipBob, funding round, ecommerce platforms, Marketplaces, SoftBank Vision Fund 2, US, Canada, Europe
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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