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Shipbob Raises $200 Million In Series E Funding, Led By Bain Capital Ventures, Valuing The Ecommerce Logistics Platform Well Over $1 Billion

Jun 29, 2021•about 4 years ago

Amount Raised

$200 Million

Round Type

series e

Chicago

Description

ShipBob, a cloud-based logistics platform announced $200 million in funding, achieving unicorn status with their valuation more than doubling since their Series D round in September 2020. ShipBob is designed for small and medium-sized ecommerce businesses, providing them with world-class fulfillment capabilities. After growing profitably to close out 2020, the new capital will bring ShipBob's solution to more customers, expand their software platform, scale their global fulfillment network and bolster their omnichannel commerce capabilities.

Company Information

Company

Ship Bob

Location

Chicago, Illinois, United States

About

ShipBob is the leading cloud-based logistics platform designed for small and medium-sized businesses to provide them access to best-in-class supply chain and fulfillment capabilities. The ShipBob platform provides merchants with a single view of their business and customers across all of their sales channels, and enables them to manage products, inventory, orders and shipments, and leverage analytics and reporting to run their business effectively. Founded in 2014 out of Chicago, ShipBob was launched through Y Combinator by co-founders Dhruv Saxena and Divey Gulati, two entrepreneurs who saw a need for more efficient shipping for ecommerce businesses. Today, the company has raised $330.5 million in funding and operates a global logistics network with 24 fulfillment centers across five countries, including the United States, Canada, England, Ireland and Australia. Learn more by visiting shipbob.com.

Funding Insights

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

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