US e-commerce logistics platform ShipBob receives $200 million in financing, with a valuation of over $1 billion

Recently, ShipBob, a cloud-based logistics platform in the United States , announced that it had received US$200 million in funding, achieving unicorn status. Its valuation has more than doubled since its Series D round of financing in September 2020.

ShipBob is a logistics company designed for small and medium-sized businesses, providing them with best-in-class supply chain and order fulfillment capabilities . Founded in Chicago in 2014, the company has raised $330.5 million in funding and operates a global logistics network with 24 order fulfillment centers in five countries including the United States, Canada, the United Kingdom, Ireland and Australia .

The Series E round was led by Bain Capital Ventures, which led ShipBob’s Series B round in June 2017. Previous investors include SoftBank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels, and Silicon Valley Bank.

In September 2020, ShipBob raised $68 million in a Series D round led by SoftBank Vision Fund 2. Since then, ShipBob has more than doubled its network of fulfillment centers from 10 to 24 facilities, including their first facilities in the UK and Australia.

Additionally, ShipBob has expanded their technology to open up how and where customers can sell. ShipBob’s app store now has over 40 integrations, including new 2021 partnerships such as Walmart as its two-day delivery partner, Shopify Plus as its only certified global fulfillment partner, and Pachama, which enables ShipBob customers to offset emissions and go carbon neutral on all shipping.

“We’re incredibly proud that over 5,000 businesses use ShipBob today for all of their eCommerce fulfillment needs and look forward to continuing that mission as our customers’ industries continue to accelerate their shift to digital,” said Dhruv Saxena, Founder and CEO of ShipBob . “It still feels like day one for us as we expand our international reach, omnichannel partnerships, and B2B capabilities.”

ShipBob integrates with all leading eCommerce platforms and marketplaces, such as Amazon, Walmart, Shopify, BigCommerce, WooCommerce, Wix, Square, and Squarespace, enabling eCommerce merchants to offer fast and affordable shipping services to their customers without having to process the orders themselves. Returns management, inventory management, financing tools, and other solutions can also be activated in ShipBob’s App Marketplace, giving brands a single solution to manage their broader business needs.

Powering these capabilities is a purpose-built fulfillment technology stack with easy-to-use merchant-facing software and a sophisticated warehouse management system (WMS). ShipBob’s WMS is used for all of its fulfillment centers across the U.S., Canada, Europe, and Australia, which reduces the time it takes to build new facilities from quarters to weeks. ShipBob expects to open 10 additional facilities in North America and Europe in 2021.

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