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Shipium Raises $27.5M Series A To Provide E-Commerce Retailers With The Tech Stack Required To Compete With Amazon

Apr 14, 2022•about 3 years ago

Amount Raised

$27.5 Million

Round Type

series a

Seattle

Description

Shipium, the technology-driven supply chain and logistics company seeking to solve "the Prime problem," today announced the raise of its $27.5M Series A led by New York-based private equity and venture capital firm Insight Partners. Shipium was founded by the veteran teams that built the technology powering Amazon Prime and Zulily's supply chain. This round brings Shipium's total funding to $38.7M since its inception in 2019, furthering its mission to help retailers compete for customer growth and loyalty through a premium shipping experience.

Company Information

Company

Shipium

Location

Seattle, Washington, United States

About

Shipium is a technology-driven supply chain and logistics company seeking to solve "the Prime problem" for companies facing heightened customer expectations. The company aims to help e-commerce companies ship their orders fast, free, and on-time better than anyone else by improving supply chain decisions, which can reduce shipping costs over 5% and speed up estimated delivery by several days. Shipium provides the missing piece of technology that retailers need to meet changing consumer preferences while profitably scaling e-commerce operations.

Funding Insights

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