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Deliverr, a California-based startup that provides fulfillment services for e-commerce businesses, has recently announced a successful funding round, raising $170 million in a Series D funding round led by Coatue Management . The funding round also saw participation from existing investors, including Fidelity Management & Research Company, SoftBank Vision Fund 2, Activant Capital, 8VC, GLP, and Barry Sternlicht, the CEO of Starwood Capital Group . This latest funding brings Deliverr’s total funding to $240 million .
E-commerce has been on the rise for years, but the COVID-19 pandemic has accelerated its growth even further. With more and more people shopping online, e-commerce businesses are looking for ways to streamline their operations and improve their customer experience. One of the most critical aspects of e-commerce is fulfillment – getting products to customers quickly and efficiently. Deliverr is a startup that aims to do just that. In this article, we’ll take a closer look at Deliverr’s latest funding round and what it means for the company.
Section 1: What is Deliverr?
Deliverr is a fulfillment platform that helps e-commerce businesses store and ship their products. The company was founded in 2017 and has since grown rapidly, serving thousands of businesses across the United States . Deliverr offers a range of services, including warehousing, order fulfillment, and shipping. The company’s goal is to help businesses compete with larger retailers by providing fast and affordable fulfillment services.
Section 2: The Latest Funding Round
Deliverr’s latest funding round was led by Coatue Management, a global technology investment firm . The funding round raised $170 million in a Series D funding round, bringing Deliverr’s total funding to $240 million . The funds will be used to expand the company’s operations and enhance its technology, positioning it to capitalize on the booming e-commerce industry . This latest funding round is a testament to Deliverr’s success and potential for growth.
Section 3: What Does This Mean for Deliverr?
With this latest funding, Deliverr is well-positioned to continue its rapid growth and expansion. The company plans to use the funds to invest in its technology platform, expand its operations, and hire new talent . Deliverr’s CEO, Michael Krakaris, has stated that the company’s goal is to become the go-to fulfillment platform for e-commerce businesses of all sizes . With this latest funding, Deliverr is one step closer to achieving that goal.
Section 4: The Future of E-commerce Fulfillment
The e-commerce industry is growing at an unprecedented rate, and fulfillment is becoming an increasingly critical aspect of that growth. As more and more businesses move online, they need reliable and efficient fulfillment services to keep up with demand. Deliverr is one of several startups that are working to meet this need. With its latest funding round, Deliverr is well-positioned to continue innovating and expanding its services to meet the needs of e-commerce businesses.
Deliverr’s latest funding round is a significant milestone for the company. With $240 million in total funding, Deliverr is well-positioned to continue its rapid growth and expansion. The company’s focus on technology and customer service has made it a leading player in the e-commerce fulfillment space. As the e-commerce industry continues to grow, companies like Deliverr will play an increasingly critical role in helping busineses meet the demands of their customers.