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Deliverr Announces $250 Million In Latest Fundraising Round With New Investor Tiger Global

Nov 22, 2021•almost 4 years ago

Amount Raised

$250 Million

San Francisco

Description

Deliverr, an e-commerce fulfillment and technology company that provides fast and affordable fulfillment services to e-commerce merchants on marketplace platforms like Shopify, Walmart, Amazon, eBay, Target, and many more, announced today that it has raised $250 million in a Series E fundraising round led by new investor Tiger Global. Existing investors, 8VC, Activant, GLP, Brookfield Technology Partners, and Coatue also participated in the round.

Company Information

Company

Deliverr

Location

San Francisco, California, United States

About

No other company, at the cutting-edge of fulfillment infrastructure and technology, will be able to solve for logistics chain disruptions, offer merchants next-day delivery, and save merchant money — all at the same time.”In just over three years of operations, the Deliverr network is on track to power more than $2.5 billion GMV run-rate by the end of 2021. Deliverr uses predictive analytics to anticipate demand for products based on demographics, geography and other variables. Deliverr then uses that analysis to preposition items close to demand. Deliverr is the only company working to solve this problem through stronger inventory placement, while leveraging cutting-edge machine learning and optimization technology to build a smarter fulfillment network,” said Harish Abbott, Deliverr co-founder and CEO. "Deliverr is well-positioned to lead the ecommerce fulfillment space as several market forces converge," said John Curtius, Partner at Tiger Global.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech