Ecommerce fulfilment company ShipBob Raises $40 Million

Ecommerce fulfilment company ShipBob has actually revealed $40 million in brand-new funding. The brand-new capital will improve the business’s abilities to bring same-day shipping to more clients, fuel development and expand its software application platform. The Series C funding was led by Menlo Ventures with additional involvement from existing investors Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator. They have multiple fulfilment centres throughout the U.S.A. in including in Chicago, Dallas, Los Angeles, New York City, and San Francisco and offer same-day delivery at ground shipping rates. They say they have actually shipped more than 4 million bundles to-date and expanding the business at 300% year on year and reached 8 figures in revenue last year. They have 400 workers. This financial investment from Menlo Ventures will be used to scale up operations around all fulfilment centers, in addition to new hires needed to offer extra engineering, client success, sales and marketing

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