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Shippo Raises $45M In New Round - Multichannel Merchant


Shippo Raises $45M In New Round
February 26, 2021
Shippo, a shipping software platform provider, has raised $45 million in a new funding round, with plans to invest in product and engineering teams as well as exploring ways to extend its technology into the pre- and post-purchase realms to increase the value and stickiness of its offering.
The company has also doubled its valuation in the past year to nearly $500 million – half a unicorn – as well as doubling its revenue, for which gross postage volume (GPM) is a rough correlate. Shippo says it has more than 110,000 merchant clients.
“Merchants need to keep up with Amazon’s shipping speed, infrastructure, and consumer experience,” said Shippo co-founder Laura Behrens Wu in a blog post on the new funding. “The goal is to set a new bar for SMB shipping for everyone who’s not Amazon.” ....

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