Deliverr Raises $170M in Series D Funding Led by 240m Sternlicht for Forbes
Deliverr, a leading e-commerce fulfillment company, has announced that it has raised $170 million in a Series D funding round led by 240m Sternlicht for Forbes. The funding round also saw participation from existing investors such as Activant Capital, 8VC, and GLP. This latest round of funding brings Deliverr’s total funding to date to $240 million.
Deliverr was founded in 2017 with the aim of providing fast and affordable fulfillment services to e-commerce businesses of all sizes. The company’s platform connects merchants with a network of warehouses across the United States, enabling them to store their products closer to their customers and fulfill orders faster. Deliverr’s technology also optimizes shipping routes and inventory management, helping merchants reduce costs and improve efficiency.
Expanding its Fulfillment Network
With the latest funding, Deliverr plans to expand its fulfillment network and invest in technology to further improve its services. The company aims to add more warehouses to its network, allowing it to reach more customers across the country. Deliverr also plans to develop new features and tools that will help merchants manage their inventory and orders more effectively.
Meeting the Growing Demand for E-commerce Fulfillment
The COVID-19 pandemic has accelerated the shift towards e-commerce, with more consumers shopping online than ever before. This has led to a surge in demand for e-commerce fulfillment services, as merchants struggle to keep up with the increased volume of orders. Deliverr’s platform has been instrumental in helping merchants meet this demand, providing fast and reliable fulfillment services that enable them to compete with larger retailers.
Competing with Amazon
Deliverr’s success has not gone unnoticed by Amazon, which dominates the e-commerce fulfillment market. In response, Amazon has launched its own fulfillment service, Fulfillment by Amazon (FBA), which offers similar services to Deliverr. However, Deliverr’s platform has several advantages over FBA, including lower fees and more flexible storage options. Deliverr also offers faster shipping times, with 2-day delivery available to customers across the United States.
The Future of E-commerce Fulfillment
The e-commerce fulfillment market is expected to continue growing in the coming years, as more consumers shift towards online shopping. This presents a significant opportunity for companies like Deliverr, which are well-positioned to capitalize on this trend. With its fast and affordable fulfillment services, Deliverr is helping merchants of all sizes compete with larger retailers and meet the growing demand for e-commerce fulfillment.
Conclusion
Deliverr’s latest funding round is a testament to the company’s success in the e-commerce fulfillment market. With its fast and affordable services, Deliverr is helping merchants of all sizes compete with larger retailers and meet the growing demand for e-commerce fulfillment. The company’s expansion plans and investment in technology will further improve its services and enable it to reach more customers across the country. As the e-commerce market continues to grow, Deliverr is well-positioned to capitalize on this trend and become a leading player in the industry.
