Passport, an International Shipping Carrier Built for E-Commerce, Raises $39 Million in Series B Funding
Summary
The first is to further develop our software-based infrastructure for cross-border e-commerce and secondly, to expand on our recent acquisition of Access Worldwide by building out our physical logistics capabilities," said Passport Co-Founder and CEO Alex Yancher. "Before Passport, international shipping was a nightmare," said Jonathan Bayme, CEO at Theory11, a producer of luxury designer playing cards. "Now, its a dream -- making it easy and effortless for Theory11 to expand into new countries with lower cost, faster delivery times, and rapid support. Since inception, the firm has built a track record of successfully backing private and public businesses that have developed into dominant industry players across internet, software, FinTech, and enterprise IT. TCV has invested in cutting edge technology companies including Airbnb, Cradlepoint, HashiCorp, Netflix, Peloton, Silver Peak, Spotify, Vectra AI, and more.