Shippo notches $ 30 million in Series C funding
So that senders can send a package as easily as sending an SMS, Shippo landed $ 30 million in Series C funding. This increase, led by D1 Capital Partners, brings the shipping platform’s total funding to $ 59 million. Union Square Ventures, Version One, Uncork Capital and Bessemer Venture Partners also participated in the round, according to a ad.
“Shipping shouldn’t be seen as a cost center, it’s an engine of growth,” said Laura Behrens Wu, co-founder and CEO of Shippo, in the announcement. “When used correctly, shipping is a tool for businesses to gain consumer trust, increase conversions, and drive repeat purchases by building loyalty. Except that many of these perks have always been reserved for the smarter, more resource-rich companies. Shippo is changing this dynamic. “
Merchants can link all of their sales channels, with the inclusion of Amazon and Shopify, among others, to manage end-to-end shipments such as the payment experience and return automation in one place. According to the company, more than 35,000 brands, small businesses with recognizable online shopping names, have shipped more than 150 million orders with Shippo software.
Shippo also announced that Catherine Stewart, who was previously Automattic’s chief operating officer, will be coming on board as chief operating officer. At Automattic, Stewart created the corporate go-to-market functions with the inclusion of marketing, partnerships, inside sales and corporate development as per the announcement.
Stewart said in the ad: “Over the past few years, e-commerce has continued to grow rapidly. The accessibility of store platforms, payment processing and digital marketing has made it easier for brands and entrepreneurs to build a successful online business than ever before. “
In separate news, Deliver, an e-commerce logistics transport company, notch $ 40 million in a Series C funding round to help companies other than Amazon be able to deliver two-day news shipping in February. The company does not have delivery vehicles or warehouses, but it does have an advanced algorithm and relationships with warehouses across the country.