Total amount raised
$88.7 Millions
Latest funding date
9/1/2021
Location
EasyPost has successfully raised funds through multiple rounds, with the latest being a Series B round on September 9, 2021. The company is backed by 35 investors, including Initialized Capital and Maropost Ventures.
Continue reading to delve into the details of EasyPost's fundraising journey and the investors who support this innovative shipping solutions platform.
What Is EasyPost?
EasyPost, founded on November 5, 2012, in Lehi, Utah, is a technology leader in shipping solutions. The company was established by Jarrett Streebin and Jon Calhoun.
EasyPost offers a comprehensive multi-carrier shipping API that simplifies logistics for e-commerce brands, fulfillment providers, and online marketplaces. Their API suite includes functionalities like label creation, tracking, and rate shopping.
With a workforce of 251-500 employees, EasyPost continues to innovate, making shipping more reliable, efficient, and affordable for businesses of all sizes.
How Much Funding Has EasyPost Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: June 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support EasyPost's efforts to simplify the integration of shipping services into applications by offering a more developer-friendly API.
- Seed Round
- Amount Raised: $4M
- Date: August 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its services to include more carriers and international markets.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop its API and expand its customer base.
- Series A
- Amount Raised: Not publicly disclosed
- Date: February 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A
- Amount Raised: $9M
- Date: May 2017
- Lead Investors: Initialized Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand its market reach.
- Series A
- Amount Raised: $49.5M
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop its technology and expand its customer base.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its API suite and improve service reliability.
- Series B
- Amount Raised: $25M
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new technologies.
Total Amount Raised: $88.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Initialized Capital
- Details: Initialized Capital is a venture capital firm that invests in early-stage companies. It was co-founded by Garry Tan and Alexis Ohanian.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: Coinbase, Instacart, Reddit.
- Maropost Ventures
- Details: Maropost Ventures is a venture capital firm that invests in various sectors. It is known for supporting innovative startups.
- Investment Focus Areas: E-commerce, technology, logistics.
- Notable Investments: Not publicly disclosed.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections. It has helped launch over 2,000 companies.
- Investment Focus Areas: Early-stage startups, technology, software.
- Notable Investments: Dropbox, Airbnb, Stripe.
- SV Angel
- Details: SV Angel is a seed fund that invests in early-stage companies. It was founded by Ron Conway.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Twitter, Facebook, Airbnb.
- CrunchFund
- Details: CrunchFund is a venture capital firm founded by Michael Arrington, who also founded TechCrunch. It focuses on early-stage investments.
- Investment Focus Areas: Technology, media, software.
- Notable Investments: Uber, Airbnb, Yammer.
What's Next for EasyPost?
EasyPost stands at the cusp of significant growth opportunities, driven by the booming e-commerce market. The company's user-friendly API simplifies shipping integration for developers, positioning it to capture a substantial market share. As online shopping continues to rise, EasyPost's potential to expand its services to include more carriers and international markets is immense.
Future fundraising opportunities appear promising, given the company's rapid growth and positive market reception. Additional investment could support international expansion and the integration of more advanced features. However, challenges such as gaining approval from major carriers and competing with other startups in the logistics space remain. Ensuring the API's reliability and user-friendliness as it scales will be crucial for sustained success.
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