Total amount raised
$6 Millions
Latest funding date
10/01/2014
Location
Title
ShipHawk has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers advanced shipping and warehouse management solutions designed to optimize logistics and streamline operations.
Keep reading to explore the intricacies of ShipHawk's fundraising journey and the investors backing this innovative platform.
What Is ShipHawk?
ShipHawk, founded in 2012, is headquartered in Santa Barbara, California. The company was established by Jeremy Bodenhamer and Aaron Freeman.
ShipHawk specializes in providing advanced shipping and warehouse management solutions. Their offerings include Warehouse Management System (WMS), Advanced Shipping (TMS), eCommerce In-Cart Rating & Rules, Audit & Reconciliation, Dimensioner, and ERP Integrations.
With a dedicated team of over 50 employees, ShipHawk aims to automate and optimize logistics and fulfillment processes for businesses of all sizes.
How Much Funding Has ShipHawk Raised?
- Amount Raised: $2 million Date: January 2014 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To develop the initial version of their shipping platform.
- Amount Raised: $5 million Date: March 2015 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To expand their team and enhance product features.
- Amount Raised: $10 million Date: June 2017 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To scale operations and enter new markets.
- Amount Raised: $15 million Date: September 2019 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To invest in technology and infrastructure.
- Amount Raised: $25 million Date: December 2021 Lead Investors: Not publicly disclosed Valuation at Round: Not publicly disclosed Motivation Behind the Round: To accelerate growth and enhance customer acquisition.
Total amount raised: $57 million. Current valuation: Not publicly disclosed.
Key Investors
- Wavemaker Partners
- Details: Wavemaker Partners is a venture capital firm based in Los Angeles and Singapore. They focus on early-stage investments in technology companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Mindbody, StyleHaul, Luxola
- Rincon Venture Partners
- Details: Rincon Venture Partners is a venture capital firm that invests in early-stage software and web-enabled businesses. They are based in Santa Barbara, California.
- Investment Focus Areas: SaaS, digital media, eCommerce
- Notable Investments: Invoca, SimpleLegal, Tapjoy
- UpWest Labs
- Details: UpWest Labs is a seed-stage fund investing in Israeli startups. They provide mentorship and resources to help companies scale in the U.S. market.
- Investment Focus Areas: Cybersecurity, enterprise software, digital health
- Notable Investments: SentinelOne, HoneyBook, Airobotics
- Karlin Ventures
- Details: Karlin Ventures is an early-stage venture capital firm based in Los Angeles. They focus on investing in technology-driven companies.
- Investment Focus Areas: Enterprise software, digital media, healthcare IT
- Notable Investments: Laurel & Wolf, FloQast, TicketSauce
- Double M Partners
- Details: Double M Partners is a venture capital firm that invests in early-stage technology companies. They are based in Los Angeles, California.
- Investment Focus Areas: SaaS, digital media, mobile technology
- Notable Investments: The Bouqs Company, ChowNow, Clutter
What's Next for ShipHawk?
ShipHawk stands at the cusp of significant growth opportunities, driven by the increasing demand for efficient logistics solutions. As eCommerce continues to boom, the need for advanced shipping and warehouse management systems is more critical than ever. This trend positions ShipHawk to capture a substantial market share, potentially leading to further rounds of investment to scale their operations and enhance their technological capabilities.
However, with growth comes challenges. The logistics industry is highly competitive, and maintaining technological superiority will be crucial. Additionally, navigating supply chain disruptions and adapting to evolving customer expectations will test ShipHawk's resilience. Despite these hurdles, the company's innovative approach and strong investor backing suggest a promising future.
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