202123 Feb

Shippo Lands $45M To Make Shipping Easier For E-Commerce Businesses

Summary

“We just realized that shipping is really hard and it shouldn’t be this hard, especially because we were using other technology products like Stripe and Shopify that made it easy to set up our store and do payments,” CEO Laura Behrens Wu said in an interview with Crunchbase News. Shippo pulls an e-commerce business’ orders into its dashboard and displays the different shipping options and rates. The company works with more than 50 carriers around the world, including the United States Postal Service, UPS and FedEx. The new funding will be used to continue Shippo’s growth and invest in building products for the platform, Behrens Wu said. Investors in the company include Twilio CEO Jeff Lawson, Stripe CEO Patrick Collison, PagerDuty CEO Jennifer Tejada, and Pioneer and Cue founder Daniel Gross, as well as firms including Bessemer Venture Partners, Union Square Ventures, Uncork Capital, Version One Ventures and D1 Capital Partners.

Source: Crunchbase

Funding

$45M
Amount
Feb 23 2021
Date
-
Investor
Shippo
Company

Classifications

Companies