Friday, April 23, 2021

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Shippo: Raises $45M in Series D; Now Valued At $495M

  • Shippo, a San Francisco, CA-based eCommerce IT platform, raised $45m in Series D funding and is now valued at $495m
  • The company intends to use the funds to continue to expand operations and its business reach
  • Shippo enables ecommerce businesses, marketplaces, and platforms to connect to multiple shipping carriers around the world from one API and dashboard
  • Businesses can get shipping rates, print labels, automate international documents, track shipments, and facilitate returns
  • Founded in 2013, the company also backed by Union Square Ventures, Uncork Capital, VersionOne Ventures, FundersClub and others
  • Shippo also has a hub in Austin in addition to the one in San Francisco

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