Deliverr Raises $170 Million in Series D Funding Led by Coatue
Deliverr, a leading fulfillment provider for e-commerce businesses, has recently announced that it has raised $170 million in a Series D funding round led by Coatue . The funding round also included participation from existing investors such as 8VC, GLP, and SoftBank Vision Fund 2. With this latest funding, Deliverr’s total funding has now reached $240 million.
Deliverr’s mission is to provide affordable and fast fulfillment services to e-commerce businesses of all sizes. The company’s platform allows merchants to store their inventory in Deliverr’s network of warehouses across the United States, enabling them to offer fast and affordable shipping to their customers. Deliverr’s platform also integrates with major e-commerce platforms such as Shopify, Walmart Marketplace, and eBay, making it easy for merchants to manage their orders and inventory.
The Growth of Deliverr
Deliverr has seen significant growth in recent years, doubling its revenue every six months . The company has also expanded its network of warehouses to over 15 locations across the United States, allowing it to offer two-day and next-day delivery to over 95% of the country . Deliverr’s platform has been used by over 10,000 merchants, including top brands such as PepsiCo and Unilever .
The Importance of Series D Funding
Series D funding is a critical stage for startups as it allows them to scale their operations and expand into new markets. This funding round will enable Deliverr to invest in new technologies and expand its network of warehouses, allowing it to offer faster and more affordable shipping options to its customers. The funding will also allow Deliverr to hire new talent and expand its team of engineers and logistics experts.
The Role of Coatue in Deliverr’s Success
Coatue is a leading technology-focused hedge fund that has invested in some of the world’s most successful startups, including Uber, DoorDash, and Instacart . The fund’s investment strategy is focused on investing in high-growth technology companies that have the potential to disrupt their respective industries. Coatue’s investment in Deliverr is a testament to the company’s potential to revolutionize the e-commerce fulfillment industry.
The Future of Deliverr
With its latest funding round, Deliverr is well-positioned to continue its rapid growth and expand its market share. The company’s focus on providing affordable and fast fulfillment services has resonated with e-commerce merchants of all sizes, and its platform has become an essential tool for businesses looking to compete with larger retailers such as Amazon. As e-commerce continues to grow, Deliverr’s platform will become increasingly important, and the company is poised to become a major player in the industry.
Deliverr’s recent Series D funding round led by Coatue is a significant milestone for the company and highlights its potential to revolutionize the e-commerce fulfillment industry. With its focus on providing affordable and fast fulfillment services, Deliverr has become an essential tool for e-commerce merchants of all sizes. The company’s rapid growth and expanding network of warehouses have positioned it for continued success, and its latest funding round will enable it to invest in new technologies and expand its operations further.