1. News
April 8, 2020

Shippo closes Series C funding round with $30m 

E-commerce shipping solution provider Shippo has closed a Series C funding round with $30m, increasing its total capital to $59m. 

E-commerce shipping solution provider Shippo has closed a Series C funding round with $30m, increasing its total capital to $59m. 

The latest funding was led by D1 Capital Partners and included the company’s investors, including Bessemer Venture Partners, Union Square Ventures, Uncork Capital, and Version One.

The company will leverage the latest investment to enhance its shipping business.

Shippo co-founder and CEO Laura Behrens Wu said: “Shipping shouldn’t be seen as a cost centre, it’s a growth engine. 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 optimise for their growth.”

Founded in 2013, Shippo is developing an advanced shipping platform for e-commerce businesses. 

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Merchants can leverage the platform to connect all of their sales channels – including Shopify, Wix, Square, eBay, Amazon, and dozens more – to manage end-to-end shipping including checkout experience.

It will also enable the purchasing of labels and tracking shipments from more than 58 global shipping carriers. 

In a separate development, Shippo has appointed Catherine Stewart as its chief operating officer. 

Shippo’s multi-carrier platform helps more than 35,000 businesses to get real-time shipping rates, print labels, automate international paperwork, track packages, facilitate returns, and more.