Deliverr Raises $170 Million in Series D Funding Round Led by
Deliverr, a California-based e-commerce fulfillment company, has announced that it has raised $170 million in a Series D funding round led by Coatue Management and Sternlicht Forbes . The funding round also saw participation from other investors, including Brookfield Technology Partners, Activant Capital, 8VC, GLP, and SoftBank Vision Fund 2 . This latest funding brings Deliverr’s total funding to $240 million .
Deliverr was founded in 2017 and provides fulfillment services for e-commerce businesses . The company aims to provide an affordable alternative to Amazon Prime by offering fast and reliable shipping at competitive prices . Deliverr’s platform integrates with major e-commerce platforms such as Shopify, Walmart, and eBay, allowing sellers to easily manage their inventory and orders .
With the new funding, Deliverr plans to expand its operations and enhance its technology . The company intends to use the funds to hire more employees, invest in automation technology, and expand its network of warehouses . Deliverr also plans to expand its international presence by launching in Canada and Europe .
Deliverr operates in a highly competitive market, with major players such as Amazon, FedEx, and UPS dominating the industry . However, Deliverr’s focus on providing affordable and reliable shipping services has helped it carve out a niche in the market . The company’s platform also offers features such as real-time inventory tracking and automatic order routing, which can help sellers streamline their operations .
The Future of E-commerce Fulfillment
The COVID-19 pandemic has accelerated the growth of e-commerce, with more consumers turning to online shopping for their daily needs . As a result, the demand for fast and reliable shipping services has increased significantly . Deliverr’s latest funding round reflects the growing importance of e-commerce fulfillment services in the current market .
In conclusion, Deliverr’s latest funding round is a significant milestone for the company, as it looks to expand its operations and enhance its technology. With the e-commerce industry continuing to grow, Deliverr’s focus on providing affordable and reliable shipping services could help it capture a larger share of the market.