US-based e-commerce logistics provider ShipBob collected $68m on Monday in a series D round led by telecommunications conglomerate SoftBank’s Vision Fund 2.
Founded in 2014, ShipBob offers fulfilment services to e-commerce platforms through 10 centres in the US, Canada and Europe. It targets direct-to-consumer marketplaces, and sells software to combine order, inventory and returns management, as well as data analytics.
The money will fuel growth, drive recruitment, enable ShipBob to further develop its software and scale its global network. The company hopes to open two more US facilities in the US this year, and another 10 centres across North America, Europe, Asia and Australia in 2021.
Ervin Tu, managing partner of SoftBank Investment Advisers, will join ShipBob’s board.
ShipBob previously closed a $40m series C round led by Menlo Ventures in mid-2018, when Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels and Y Combinator also took part.
Bain Capital Ventures led a $17.5m series B round in 2017, with commitments from Hyde Park Venture Partners, FundersClub, Hyde Park Angels and FJ Labs.
Recruit Strategic Partners, an investment arm of human resources firm Recruit, took part in a $4m series A round for the company in 2016 that was led by Hyde Park Venture Partners
The series A also included Hyde Park Angels, FJ Labs, FundersClub, Startcaps Ventures, NFQ Capital, Network Ventures, Bluestein and Associates, Service Provider Capital, SV Angel, Y Combinator and angel investor Russell Long.
Zillionize, We Funder, SV Angel and FundersClub all took part in a $1m seed round in 2015.
