Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
ShipBob Will Fuel Expansion with $68M Series D
Logistics firm ShipBob has raised $68 million in primary funding. The West Loop-based company’s new capital will enable it to scale up its global fulfillment network, among other priorities.
The Series D financing was led by SoftBank Vision Fund 2. Prior investors include Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator.
“When we started this company, our mission was to build ShipBob into the default e-commerce logistics solution for all direct-to-consumer brands around the world,” said CEO Dhruv Saxena. “That mission has not only remained, but has become even more important with the accelerated digital shifts happening across all industries today.”
ShipBob’s warehouse management system is used at all 10 of its fulfillment centers across the United States, Canada and Europe. The company expects to open two more U.S. facilities in the fourth quarter and another 10 facilities globally in 2021.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
