ShipBob, a US-based e-commerce fulfilment services provider backed by human resources firm Recruit, secured $17.5m on Tuesday in a series B round led by Bain Capital Ventures.
Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, was joined in the round by VC fund Hyde Park Venture Partners, equity crowdfunding platform FundersClub, angel investment group Hyde Park Angels and investment firm FJ Labs.
ShipBob supplies end-to-end order fulfilment services for online retailers, providing order and inventory management, warehousing and optimised package delivery in one to two business days.
The company’s software also helps customers detect trends and shopping habits across different markets. It has shipped more than 2 million packages since it was founded in 2014.
Dhruv Saxena, ShipBob’s co-founder and CEO, said: “We are raising the bar for what best-in-class service means in the shipping and logistics space. We will continue to innovate and expand to serve e-commerce businesses across the country.”
Recruit’s corporate venturing unit, Recruit Strategic Partners, invested in ShipBob as part of a $4m series A round in June 2016 that was led by Hyde Park Venture Partners.
Hyde Park Angels, FJ Labs, Recruit Strategic Partners, FundersClub, Startcaps Ventures, NFQ Capital, Network Ventures, Bluestein and Associates, Service Provider Capital, SV Angel, Y Combinator and angel investor Russell Long also took part in the series A
ShipBob had previously received $1m in seed capital from investors including Zillionize, SV Angels, FundersClub and WeFunder in April 2015.