Deliverr us 170m series 240msternlichtforbes
Deliverr us 170m series 240msternlichtforbes, a California-based startup that provides fulfillment services for e-commerce businesses, has raised $170 million in a Series D funding round led by Fidelity Management & Research Company and SoftBank Vision Fund 2. The funding round also saw participation from existing investors, including Activant Capital, 8VC, and Coatue Management. The new funding brings Deliverr’s total funding to $240 million and values the company at $1.35 billion. The funds will be used to expand the company’s operations and hire more employees to support its growing customer base.
Expanding Fulfillment Services for E-Commerce Businesses
Deliverr was founded in 2017 to provide fast and affordable fulfillment services for e-commerce businesses of all sizes. The company uses a network of warehouses across the United States to store and ship products on behalf of its customers. By leveraging its technology and logistics expertise, Deliverr is able to offer two-day delivery for orders placed on major e-commerce platforms like Amazon, Walmart, and Shopify. The company’s business model has proven successful, as it has seen significant growth over the past year. Deliverr’s revenue has increased by more than 800% since the beginning of 2020, and it now serves more than 5,000 merchants.
Meeting the Growing Demand for E-Commerce Fulfillment Services
The COVID-19 pandemic accelerated the shift towards online shopping, and e-commerce sales expected to continue growing in the coming years. As more businesses move online, there is a growing demand for fast and reliable fulfillment services. Deliverr’s latest funding round will enable the company to expand its operations and meet this growing demand. In a statement, Deliverr CEO Michael Krakaris said, “We thrilled to partner with Fidelity and SoftBank. As we continue to build the future of commerce logistics. This funding will allow us to expand our network and services to more merchants, helping them delight their customers with fast and affordable fulfillment.”
Conclusion
Deliverr’s latest funding round is a testament to the company’s success in providing fast. And affordable fulfillment services for e-commerce businesses. With the new funds, Deliverr will be able to expand its operations. And meet the growing demand for e-commerce fulfillment services. As more businesses move online, companies like Deliverr will play an increasingly important role in ensuring. That customers receive their orders quickly and reliably.
