E-commerce platform Shippo announces $30M Series C funding
Funding round nearly doubles capital raised so far for e-commerce management platform
Shippo has announced that it has closed $30 million in Series C funding, bringing its total capital raised to $59 million since its founding in 2013.
D1 Capital Partners led the round and other investors in the Series C include Bessemer Venture Partners, Union Square Ventures, Uncork Capital, and Version One.
Shippo connects merchants to sales channels – including Shopify, Wix, Square, eBay, Amazon – to manage end-to-end shipping, including checkout experience; purchasing labels and tracking shipments; and automating returns.
The company says that 35,000 brands, have shipped more than 150 million orders through their software.
"Shipping shouldn't be seen as a cost center, it's a growth engine," said Laura Behrens Wu, Shippo co-founder and CEO. "When used properly, shipping is a tool for businesses to gain consumer confidence, increase conversions, and drive repeat buying by building loyalty. Except, many of these benefits have historically been reserved for the savviest and most resource-rich businesses. Shippo is changing that dynamic. We're making shipping an order as easy as sending a text message. Merchants will no longer stress over the right carriers to use, shipping options to show their customers, or labels to purchase. They trust Shippo to optimize for their growth."
Shippo also announced that Catherine Stewart, formerly Chief Business Officer at Automattic, the company behind WordPress.com, will join as Chief Operating Officer.
"Over the last few years, e-commerce has continued to grow rapidly. The accessibility of store platforms, payment processing, and digital marketing has made it easier than ever for brands and entrepreneurs to build a successful business online," said Stewart. "Shipping has been slower to adapt, though, with cumbersome and often outdated technology. For many small and mid-sized businesses, shipping goods to customers is still expensive and time-consuming. Shippo's ability to solve these challenges for both small businesses and large brands positions it well for future growth. I am delighted to join Shippo and help realize its goal of transforming shipping."