Total amount raised
$330.5 Millions
Latest funding date
Location
ShipBob has successfully raised significant capital through multiple funding rounds, securing investments from notable venture capital firms. The company offers a comprehensive e-commerce fulfillment solution, catering to direct-to-consumer brands with services like order fulfillment, inventory management, and global shipping.
Keep reading to explore the intricacies of ShipBob's fundraising journey and the investors backing this innovative platform.
What Is ShipBob?
ShipBob, founded in 2014, is a global logistics company headquartered in Chicago, Illinois. The company was established by Dhruv Saxena, Divey Gulati, George Wojciechowski, and Jivko Bojinov.
ShipBob offers a comprehensive e-commerce fulfillment platform for direct-to-consumer brands, providing services such as warehousing, package delivery, and inventory management. Their software integrates seamlessly with major e-commerce platforms like Shopify, Amazon, and eBay.
With a workforce of 501-1000 employees, ShipBob ensures efficient and reliable order fulfillment, including 2-day delivery and global shipping, catering to a wide range of industries.
How Much Funding Has ShipBob Raised?
- Seed Round
- Amount Raised: $1M
- Date: April 29, 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and expand early operations.
- Series A
- Amount Raised: $4M
- Date: May 18, 2016
- Lead Investors: Hyde Park Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance the technology platform.
- Series B
- Amount Raised: $17.5M
- Date: June 13, 2017
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the fulfillment network and improve service offerings.
- Series C
- Amount Raised: $40M
- Date: September 6, 2018
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $68M
- Date: September 28, 2020
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the software platform and scale the global fulfillment network.
- Series E
- Amount Raised: $200M
- Date: June 29, 2021
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To expand geographically, invest in R&D, and enhance omnichannel commerce capabilities.
Total Amount Raised: $330.5M. Current Valuation: Over $1 billion.
Key Investors
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in early to growth-stage companies. It is part of Bain Capital, a global private investment firm.
- Investment Focus Areas: Technology, healthcare, financial services, consumer products.
- Notable Investments: LinkedIn, DocuSign, Jet.com.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology companies. It is known for making large-scale investments in innovative tech firms.
- Investment Focus Areas: Technology, telecommunications, AI, robotics.
- Notable Investments: Alibaba, Uber, WeWork.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies. It has a long history of successful investments in various sectors.
- Investment Focus Areas: Consumer, enterprise, life sciences.
- Notable Investments: Uber, Roku, Warby Parker.
- Hyde Park Venture Partners
- Details: Hyde Park Venture Partners is an early-stage venture capital firm focused on high-growth technology startups in the Midwest. They provide both capital and strategic support to their portfolio companies.
- Investment Focus Areas: Early-stage technology companies, particularly in the Midwest.
- Notable Investments: G2, FourKites, ShipBob.
- Hyde Park Angels
- Details: Hyde Park Angels is a network of angel investors that provides early-stage funding and mentorship to startups. They focus on building strong relationships with entrepreneurs.
- Investment Focus Areas: Technology, healthcare, business services, consumer products.
- Notable Investments: SpotHero, FourKites, Catalytic.
What's Next for ShipBob?
ShipBob's future is brimming with opportunities, driven by the e-commerce boom and the increasing demand for efficient logistics solutions. The company plans to expand its customer base, enhance its software platform, and scale its global fulfillment network. With a robust financial backing and a valuation over $1 billion, ShipBob is well-positioned to capitalize on these opportunities, potentially leading to further fundraising rounds to support its ambitious growth plans.
However, the path ahead is not without challenges. ShipBob will need to navigate intense competition from other logistics providers and manage the complexities of scaling operations across multiple countries. Ensuring high service quality and customer satisfaction will be crucial as the company continues to grow. Despite these hurdles, ShipBob's strategic focus on technological advancements and international expansion sets a promising stage for its future endeavors.
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