Total amount raised
$154.3 Millions
Latest funding date
6/1/2021
Location
Shippo has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers comprehensive shipping solutions, including label creation, tracking, and carrier comparisons.
Continue reading to delve into the details of Shippo's funding journey and the investors who support this dynamic shipping platform.
What Is Shippo?
Shippo, founded in 2013, is headquartered in San Francisco, California. The company was established by Laura Behrens Wu, Max M. Diez, and Simon Kreuz.
Shippo offers a comprehensive shipping platform that connects businesses with over 40 global carriers, including USPS, UPS, FedEx, and DHL. Their tools facilitate label creation, package tracking, and carrier comparisons, helping businesses streamline their shipping operations.
With a team of 101-250 employees, Shippo continues to innovate in the shipping industry, providing scalable solutions for businesses of all sizes.
How Much Funding Has Shippo Raised?
- Seed Round
- Amount Raised: $25K
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to develop the platform and launch the business.
- Seed Round
- Amount Raised: $250K
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the team.
- Seed Round
- Amount Raised: $2M
- Date: September 2014
- Lead Investors: Uncork Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series A
- Amount Raised: $7M
- Date: September 2016
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series B
- Amount Raised: $20M
- Date: October 2017
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance service offerings.
- Series C
- Amount Raised: $30M
- Date: April 2020
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and increase customer base.
- Series D
- Amount Raised: $45M
- Date: February 2021
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and expand into new markets.
- Series E
- Amount Raised: $50M
- Date: June 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: $1 billion
- Motivation Behind the Round: To accelerate growth, expand internationally, and tackle more shipping-related challenges.
Total Amount Raised: $154.275M. Current Valuation: $1 billion.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners (BVP) is a prominent venture capital firm with a history dating back to 1911. They have invested in over 200 companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that combines the flexibility of a hedge fund with the long-term focus of private equity. They manage assets across public and private markets.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: SpaceX, Instacart, Stripe.
- Union Square Ventures
- Details: Union Square Ventures (USV) is a venture capital firm based in New York City. They focus on early-stage investments in internet services that have the potential to transform major industries.
- Investment Focus Areas: Internet services, blockchain, healthcare.
- Notable Investments: Twitter, Etsy, Coinbase.
- Uncork Capital
- Details: Uncork Capital, formerly known as SoftTech VC, is a seed-stage venture capital firm. They have a strong track record of investing in early-stage startups.
- Investment Focus Areas: SaaS, marketplaces, hardware.
- Notable Investments: Fitbit, Eventbrite, Postmates.
What's Next for Shippo?
Shippo's future looks promising with significant opportunities on the horizon. The company aims to enhance its platform features, expand internationally, and build the largest carrier network. Serving over 100,000 merchants, Shippo is poised to simplify shipping for e-commerce businesses globally.
With the e-commerce sector booming, Shippo may attract further investments to support its growth and technological advancements. However, challenges such as capacity issues and market competition could pose hurdles. Despite these, Shippo's strategic focus on innovation and expansion positions it well for continued success.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Shippo and gather other critical business insights.
Sign up for free on Clay and start leveraging these powerful tools today.
