ShipBob, a Chicago based IT-enabled fulfillment service & 3PL (Third-party logistics) for online businesses and Y Combinator Summer 2014 graduate has raised $68M in Series D. The funding round was led by SoftBank Vision Fund 2, a subsidiary of SoftBank Group in participation with Y Combinator, Menlo Ventures, Hyde Park Venture Partners, Bain Capital Ventures and Hyde Park Angels.
ShipBob’s growth and fundings have remained quite stable based on below timeline:
- 2015 – Seed round
- 2016 – Round A ($4M)
- 2017 – Round B ($17.5M)
- 2018 – Round C ($40M)
After this latest Series D, the total funding amount of ShipBob has raised to $130.5M according to CrunchBase.
Since the COVID-19 pandemic began, we have seen a tremendous acceleration in new customers needing our solution. This new capital will enhance our capabilities to bring world-class fulfillment to more customers, hire across teams, fuel growth, expand our software platform, scale our global fulfillment network, and invest more in providing a first-class merchant experience.
Since we power the entire fulfillment technology stack, from our merchant-facing software to our warehouse management system — which is used within all ten of our fulfillment centers across the United States, Canada, and Europe — we can stand up new facilities in weeks instead of multiple quarters.
Bringing in additional investment from a global leader like SoftBank will allow us to expand our fulfillment center footprint across the United States and the rest of the world even faster. We expect to open two more US facilities in Q4 2020 and another ten facilities across North America, Europe, Asia, and Australia in 2021.
Please read full story at ShipBob Blog.