Deliverr, a leading fulfillment provider for e-commerce businesses, has recently announced that it has raised $170 million in a Series D funding round led by Coatue [1]. The funding round also included participation from existing investors such as 8VC, GLP, and SoftBank Vision Fund 2. With this latest funding, Deliverr’s total funding has now reached $240 million.
The San Francisco-based startup was founded in 2017 and has since then been providing affordable and fast fulfillment services to small and medium-sized e-commerce businesses. Deliverr’s platform integrates with various e-commerce marketplaces such as Amazon, Walmart, and Shopify, allowing sellers to offer fast and reliable shipping options to their customers.
Deliverr’s latest funding round comes at a time when e-commerce is booming, and more businesses are looking for ways to compete with Amazon Prime’s two-day delivery service. Deliverr aims to provide an affordable alternative to Amazon Prime by offering fast and reliable shipping options to sellers at a lower cost [2].
According to Deliverr CEO Michael Krakaris, the company plans to use the latest funding to expand its network of fulfillment centers across the US and Canada. The company currently operates 15 fulfillment centers across North America and plans to add more in the coming months.
Coatue Management, the hedge fund that led Deliverr’s latest funding round, is known for its focus on investing in technology companies that are disrupting traditional industries with innovative technologies [3]. The fund was launched in 2017 and has since then been providing investors with exposure to the technology sector.
Coatue Management has invested in various technology companies such as Uber, DoorDash, and ByteDance, the parent company of TikTok. The hedge fund has also been actively investing in e-commerce and logistics companies such as Instacart, DoorDash, and GoPuff.
The e-commerce industry is expected to continue growing in the coming years, and the demand for fast and reliable shipping options will only increase. Deliverr’s latest funding round shows that investors are bullish on the future of e-commerce fulfillment and are willing to invest in companies that can provide affordable and fast shipping options to businesses.
As more businesses look for ways to compete with Amazon Prime, we can expect to see more companies like Deliverr emerge in the coming years. These companies will need to invest in technology and infrastructure to provide fast and reliable shipping options to sellers at a lower cost.
Deliverr’s latest funding round led by Coatue Management shows that investors are bullish on the future of e-commerce fulfillment. Deliverr aims to provide an affordable alternative to Amazon Prime by offering fast and reliable shipping options to sellers at a lower cost. With this latest funding, Deliverr plans to expand its network of fulfillment centers across North America, providing more businesses with access to its platform. As the e-commerce industry continues to grow, we can expect to see more companies like Deliverr emerge, providing businesses with affordable and fast shipping options.
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