Fresh Capital to Further Bolster Start-up’s Growth in the e-Commerce Fulfillment and Third-Party Logistics Market
As smaller, next generation e-Commerce businesses continue to struggle with logistics, they need more comprehensive solutions to not only compete but to also keep up with rapidly growing demand.
“We anticipate 2024 will be another triple-digit revenue growth year and couldn’t be more excited about it”
ShipCalm, an e-Commerce fulfillment and third-party logistics provider, has announced it will use a recent $2 million financing round to help small-to-medium-sized businesses (SMBs) further solve these operational challenges.
The recent funding from Montage Capital is also expected to help fuel ShipCalm’s next stage of growth as it expands into new territories and reaches more targeted consumers. ShipCalm will also add as many as 30 new positions over the next 12 months, including hires in technology, sales and marketing, and operations.
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“ShipCalm is the only operational provider in the industry serving a true Omni-Channel business approach for SMBs,” said CEO Greg Moser. “As customer acquisition costs rise for direct-to-consumer business models, brands need to turn to wholesaling their products into national retail chains earlier than ever, and there are almost no service providers to support these emerging brands at this critical moment in their development. These funds will allow ShipCalm to continue to scale up its network and service offerings to meet an ever-growing demand.”
Many digitally native brands are challenged with running their omni-channel operations, including data/intelligence, logistics and general operations. ShipCalm’s SaaS AI platform, SmartWarehouses™, and professional services help ease these pain points.
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“I believe that vendors in the industry will continue to bring more tech-enabled, value-added services to their clients in the next several years. ShipCalm has only scratched the surface in providing things like data/analytics and business intelligence to assist clients in demand forecasting, shipping optimization, and return management, to name a few,” said Mike Rose, Managing Director, Montage Capital. “ShipCalm has deep domain expertise that offers native e-Commerce customers a turnkey solution leveraging software, logistics, real estate, data/analytics, and other services that allow its customers to focus on what they do best – design unique products targeted across multiple industries/sectors and across a wide number of domestic and international geographies.”
With the e-Commerce logistics industry expected to grow to $1.4 trillion in 2027 at a CAGR of 20%, ShipCalm is poised to become a key market player for SMBs.
ShipCalm has a long history of rapid revenue growth and has continued that trend by growing over 40% just in Q2 over Q1 of 2023 alone.
“We anticipate 2024 will be another triple-digit revenue growth year and couldn’t be more excited about it,” Moser said.