Deliverr us 170m 240msternlichtforbes
Deliverr us 170m 240msternlichtforbes, a fast-growing startup that provides fulfillment services to e-commerce companies, has raised $170 million in a Series D funding round led by Coatue Management. The funding round also saw participation from existing investors such as 8VC, GLP, and SoftBank Vision Fund 2. The latest funding brings Deliverr’s total funding to $240 million, and the company plans to use the funds to expand its operations and invest in technology.
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Deliverr was founded in 2017 and has quickly become a leading provider of fulfillment services to e-commerce companies. The company’s platform allows merchants to store their inventory in Deliverr’s warehouses, and the company takes care of the rest, including picking, packing, and shipping orders. Deliverr’s technology also integrates with major e-commerce platforms such as Amazon, Walmart, and Shopify, making it easy for merchants to manage their orders and inventory across multiple channels. The latest funding round is a testament to Deliverr’s success in the market.
The company has seen significant growth in recent years, with its revenue increasing by more than 800% in 2020 alone. Deliverr’s CEO, Michael Krakaris, attributes the company’s success to its focus on customer satisfaction and its ability to provide fast and reliable fulfillment services. With the new funding, Deliverr plans to expand its operations and invest in technology to further improve its services. The company aims to open new warehouses across the country, which will allow it to offer faster delivery times to its customers. Deliverr also plans to invest in automation technology to streamline its operations and reduce costs.
Conclusion:
Deliverr’s latest funding round is a significant milestone for the company and highlights the growing demand for fulfillment services in the e-commerce industry. With its focus on customer satisfaction and technology-driven approach, Deliverr well-positioned to continue its growth trajectory and become a leading player in the market. The company’s expansion plans and investment in technology will undoubtedly help it to stay ahead of the competition and provide even better services to its customers.
