Shippo Receives Series A Funding of $7 Million

Multi-carrier shipping system Shippo has completed a new round of funding, led by Union Square Ventures.

The investment of $7 million will be used to scale the company, further developing the technology and onboarding more carriers.

Developers can use the Shippo API to connect to a network of shipping providers and print shipping labels in minutes. Shippo helps businesses compare shipping rates, print discounted shipping labels, and track shipments, with a goal of making shipping easy and affordable for everyone.

Since printing their first shipping label two years ago, Shippo has grown to power over 10,000 businesses, sending millions of packages to (and from) 196 countries around the world.

As well as the API for developers, Shippo provides ready-made integrations for seven different ecommerce platforms including Shopify and BigCommerce, as well as a manual order upload.

Writing on the Shippo blog, founder Laura Behrens Wu said, "Raising this round is really about growing the company. We will be using the money to hire the right team of people with the skills and experience to move us through a period of rapid growth and scaling. With millions of packages sent through Shippo every month, we're able to predict trends and find savings for customers. We want to be able to recommend optimal package dimensions for each business, and suggest carriers and services that works best for their customer set. Our goal is to help everyone ship smarter."

Source: Shippo, VentureBeat

Tagged: Financing
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