Deliverr us series coatue 240msternlichtforbes

Deliverr us series coatue 240msternlichtforbes, a leading fulfillment and logistics platform for e-commerce businesses, has raised $170 million in a Series D funding round led by Coatue and 240M. The funding round also saw participation from existing investors such as SoftBank Vision Fund 2, GGV Capital, and others. With this latest funding round, Deliverr’s total funding has now reached $240 million.

What is Deliverr?

Deliverr is a technology-driven fulfillment platform that also helps e-commerce businesses of all sizes to manage their inventory, pick, pack, and ship orders to customers across the United States. The platform offers fast and reliable shipping options, including two-day and next-day delivery, to help businesses compete with larger retailers. Deliverr’s technology integrates with major e-commerce platforms such as Shopify, Walmart Marketplace, and Amazon to streamline the fulfillment process.

What does the funding mean for Deliverr?

The latest funding round will also help Deliverr to expand its operations and accelerate its growth. The company plans to use the funds to invest in its technology platform, expand its team, and improve its logistics network. Deliverr also plans to expand its two-day delivery program to more regions across the United States. In a statement, Michael Krakaris, CEO of Deliverr, said, “We are excited to partner with Coatue and 240M as we continue to build the leading fulfillment platform for e-commerce businesses. This funding will help us to accelerate our growth and bring our fast and reliable fulfillment services to more businesses across the country.”

Conclusion

Deliverr’s latest funding round is also testament to the company’s success in helping e-commerce businesses to compete with larger retailers by offering fast and reliable shipping options. With the support of Coatue and 240M, Deliverr is well-positioned to continue its growth and expand its services to more businesses across the United States.