Jul 07 2021
ShipBob expands its fulfillment network into its fifth country to more efficiently reach consumers in Australia, as well as four new domestic sites in the United States
CHICAGO, July 7, 2021 /PRNewswire/ ShipBob, the leading cloud-based logistics platform for small and medium-sized businesses, today announced its first fulfillment center in Australia has officially opened for business. In today’s convenience economy, this enables ecommerce businesses around the world to thrive within Australia by addressing their customers’ expectations of fast and affordable shipping.
The fulfillment center is in Melbourne, Australia, which is the second largest city in the country, and is in very close proximity to Tullamarine airport. This new location allows for easy access to the Eastern coast, where about 80% of the Australian population lives. By being located in Melbourne, ShipBob customers will be able to ship domestically and reduce shipping costs, improve the customer
The 13 Largest US Tech Startup Funding Rounds of June 2021
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ShipBob Raises $200M, Joins Growing Unicorn Club - Multichannel Merchant
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ShipBob Raises $200M in Series E Funding
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ShipBob CEO Dhruv Saxena and president Divey Gulati (ShipBob)
ShipBob, a logistics company that provides shipping and delivery services for e-commerce companies, raised another $200 million in funding, taking the company to virtual unicorn status.
The Chicago-based firm raised the money in a rare Series E round led by Bain Capital Venture, which has been investing in the 7-year-old business since 2017. Softbank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels and Silicon Valley Bank also participated in the round that pushed ShipBob’s valuation to $1 billion.
The funding comes only nine months after ShipBob – which means “Bends Over Backward for SHIPping” – secured $68 million in a Series D round led by Softbank’s Vision Fund 2. All rounds have raised $330.5 million, the company said.