Shipmates, a Taguig, Philippines-based provider of a shipping platform, raised US$2.2M in Seed funding.
The round was led by Y Combinator and Iterative with participation from Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners.
The company intends to use the funds to scale its platform to be the preferred shipping tool of all the merchants in the Philippines and improve the country’s shipping infrastructure by helping both online businesses and shipping companies.
Founded by CEO Josh Supan and CTO David Marquez, Shipmates is a shipping platform that enables online business owners to book on-demand and standard orders using multiple couriers in the Philippines.
Supan and Marquez started Shipmates back in July 2021 and launched their beta later in August that year. Following this success, the company got accepted in SEA startup accelerator, Iterative. The shipping aggregator then later raised $500,000 or ₱25 million in seed funding from Y Combinator. It is the 8th startup from the Philippines to be accepted in the Silicon Valley-based startup accelerator, joining the likes of Paymongo, Kalibrr, NextPay, and MadEats.
FinSMEs
08/09/2022