Deliverr, a San Francisco, CA-based e-commerce fulfillment and technology company, raised $250m in Series E funding.
The round, which raises the valuation to $2 billion, was led by new investor Tiger Global with participation from existing investors 8VC, Activant, GLP, Brookfield Technology Partners, and Coatue.
The company intends to use the capital to accelerate commercial operations and expand its next-day fulfillment service to e-commerce merchants of all sizes across the country.
Led by Harish Abbott, co-founder and CEO, Deliverr is an e-commerce fulfillment and technology company that provides fulfillment services to e-commerce merchants on marketplace platforms like Shopify, Walmart, Amazon, eBay, Target, and more. The company uses predictive analytics to anticipate demand for products based on demographics, geography and other variables. Deliverr’s forward deploy network includes more than 80 warehouses, cross-docks and sort centers.
In just over three years of operations, the network is on track to power more than $2.5 billion GMV run-rate by the end of 2021.
FinSMEs
22/11/2021