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Shippo helps merchants to connect all of their sales channels - including Shopify, Square, Wix, eBay, Amazon, and more - to handle end-to-end shipping, including checkout experience, tracking shipments, and purchasing labels from more than 58 global shipping carriers, and automating returns in one place
Fremont, CA: Shippo, a leading shipping platform that helps ecommerce companies to integrate shipping into their services, has raised $30 million in series C round of financing, bringing its total capital raised till date to $59 million. D1 Capital Partners has led the round with participation from Union Square Ventures, Bessemer Venture Partners, Uncork Capital, and Version One. Shippo intends to use the proceeds of the round to enhance its mission to help businesses succeed through shipping.
Shippo is building the next-gen shipping platform for e-commerce businesses, helping them deliver an unparalleled experience that today's customers look forward to. Shippo enables merchants to connect all of their sales channels - including Shopify, Square, Wix, eBay, Amazon, and more - to handle end-to-end shipping, including checkout experience, tracking shipments, and purchasing labels from more than 58 global shipping carriers, and automating returns in one place. To date, over 35,000 brands, from small businesses to some of the most recognizable names in the e-commerce landscape, including GOAT, OfferUp, hims, and Aesop, have shipped more than 150 million orders with Shippo's software.
"Shipping shouldn't be seen as a cost center, it's a growth engine," said Laura Behrens Wu, Shippo co-founder and CEO. "When used properly, shipping is a tool for businesses to gain consumer confidence, increase conversions, and drive repeat buying by building loyalty. Except, many of these benefits have historically been reserved for the savviest and most resource-rich businesses. Shippo is changing that dynamic. We're making shipping orders as easy as sending a text message. Merchants will no longer stress over the right carriers to use, shipping options to show their customers or labels to purchase. They trust Shippo to optimize for their growth."
To steer Shippo's plans for growth and development, Catherine Stewart, formerly Chief Business Officer at Automattic, will join as its Chief Operating Officer, soon.
"Over the last few years, e-commerce has continued to proliferate. The accessibility of store platforms, payment processing, and digital marketing has made it easier than ever for brands and entrepreneurs to build a successful business online," said Stewart. "Shipping has been slower to adapt, though, with cumbersome and often outdated technology. For many small and mid-sized businesses, shipping goods to customers is still expensive and time-consuming. Shippo's ability to solve these challenges for both small businesses and large brands positions it well for future growth. I am delighted to join Shippo and help realize its goal of transforming shipping."
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