ShipBob Raises $68 Million in Series D Funding from SoftBank Vision Fund 2 to Expand its Global Ecommerce Fulfillment Solution
ShipBob, an ecommerce enablement technology company that provides fulfillment by bringing fast shipping options to ecommerce businesses, announced $68 million in primary funding. The new capital will enhance the company’s capabilities to bring world-class fulfillment to more customers, fuel growth, expand its software platform and scale its global fulfillment network. The Series D financing was led by SoftBank Vision Fund 2. Prior investors include Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator.
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“When we started this company, our mission was to build ShipBob into the default ecommerce logistics solution for all direct-to-consumer brands around the world,” said Dhruv Saxena, CEO and co-founder of ShipBob. “That mission has not only remained, but has become even more important with the accelerated digital shifts happening across all industries today.”
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ShipBob integrates with all leading ecommerce platforms and marketplaces like Amazon, Walmart, Shopify, BigCommerce, Wix and Squarespace. These integrations enable nearly all emerging brands to provide fast shipping to their customers without having to handle fulfillment themselves. Beyond fulfillment, partners and integrations such as returns management, inventory management and financing solutions can be activated in ShipBob’s apps marketplace to provide brands with a one-stop shop to manage their business.
To enable such powerful capabilities, ShipBob built their entire fulfillment technology stack, from its merchant-facing software to its warehouse management system (WMS). ShipBob’s WMS is used within all ten of their fulfillment centers across the United States, Canada and Europe, which allows them to stand up new facilities in weeks instead of quarters. ShipBob expects to open two more US facilities in Q4 and another ten facilities across North America, Europe, Asia and Australia in 2021.
“We are democratizing best-in-class fulfillment for thousands of ecommerce brands who are shipping millions of items per month,” said Divey Gulati, President and co-founder of ShipBob. “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.”
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