Startup News: ShipBob raises $68 Million in Series D funding

ShipBob (https://www.shipbob.com/), an e-commerce company that provides fulfillment by bringing fast shipping options to ecommerce businesses, today announced $68 million in primary funding. The new capital will enhance the company’s capabilities to bring e-commerce fulfillment to more customers, fuel growth, expand its software platform and scale its global fulfillment network. The Series D financing was led by SoftBankVision Fund 2. Prior investors include Menlo Ventures, Bain Capital Ventures, Hyde Park VenturePartners, Hyde Park Angels and Y Combinator.

“When we started this company, our mission was to build ShipBob into the default e-commerce logistics solution for all direct-to-consumer brands around the world,” said Dhruv Saxena, CEO and co-founder of ShipBob. “That mission has not only remained, but has become even more important with the accelerated digital shifts happening across all industries today.”

ShipBob integrates with all leading ecommerce platforms and marketplaces like Amazon,Walmart, Shopify, BigCommerce, Wix and Squarespace. These integrations enable nearly all emerging brands to provide fast shipping to their customers without having to handle
fulfillment themselves. Beyond fulfillment, partners and integrations such as returns management, inventory management and financing solutions can be activated in ShipBob’s apps marketplace to provide brands with a one-stop shop to manage their business.

To enable its capabilities, ShipBob built their entire fulfillment technology stack,from its merchant-facing software to its warehouse management system (WMS). ShipBob’s WMS is used within all ten of their fulfillment centers across the United States, Canada and Europe, which allows them to stand up new facilities in weeks instead of quarters. ShipBob expects to open two more US facilities in Q4 and another ten facilities across North America, Europe, Asia and Australia in 2021.

“We are democratizing best-in-class fulfillment for thousands of ecommerce brands who areshipping millions of items per month,” said Divey Gulati, President and co-founder of ShipBob.“Bringing in additional investment from a global leader like SoftBank will allow us to expandour fulfillment center footprint across the United States and the rest of the world even faster.”

SoftBank Investment Advisers Managing Partner, Ervin Tu, will be joining the ShipBob board of directors. The SoftBank Vision Fund has invested in companies like Uber, Slack, ByteDance,Opendoor, Nvidia, Flipkart, Flexport, Doordash and Arm.

Startup News is published on Fridays, along with SCMR.com’s Supply Chain Startup Blog. Send your startup news to Bob Trebilcock, editorial director, Supply Chain Management Review at [email protected].

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