How Much Did ShipBob Raise? Headquarters, Funding & Key Investors

ShipBob has raised a total of $333 million across multiple funding rounds since its founding in 2014. The company’s Series E round in June 2021 brought in $200 million, led by SoftBank Group and Bain Capital Ventures, pushing its valuation to $1 billion. Earlier, ShipBob secured $68 million in Series D (2020), $40 million in Series C (2018), $17.5 million in Series B (2017), $4.58 million in Series A (2016), and multiple seed rounds totaling over $2.6 million. These investments have fueled ShipBob’s rapid expansion in the e-commerce logistics and fulfillment market.

How Much Did ShipBob Raise? Funding & Key Investors

ShipBob, founded in 2014 by Dhruv Saxena and Divey Gulati, is a Chicago-based logistics technology company transforming e-commerce fulfillment for direct-to-consumer brands. The company operates a cloud-based platform that automates order management, warehousing, and delivery across a global fulfillment network. By integrating predictive analytics, real-time tracking, and custom packaging, ShipBob enables merchants to streamline operations and scale efficiently.

What Is ShipBob and What Does It Do?

ShipBob, founded in 2014 by Dhruv Saxena and Divey Gulati, is a Chicago-based (United States) logistics technology and e-commerce enablement company.

With a team of about 1,338 employees (as of December 2021), ShipBob provides cloud-based fulfillment solutions for direct-to-consumer brands.

The company operates a nationwide fulfillment network powered by proprietary software that automates order routing, inventory management, and real-time tracking.

ShipBob’s services include warehousing, custom packaging, delivery, and returns, along with analytics for order optimization, predictive demand forecasting, and customer insights.

How Much Funding Has ShipBob Raised?

1. Seed Round

Amount Raised: $120K
Date: 2014
Lead Investors: Y Combinator
Motivation: To launch early operations and build initial logistics infrastructure.

2. Seed Round

Amount Raised: $1 M
Date: April 2015
Lead Investors: SV Angel
Motivation: To scale warehouse automation and expand fulfillment capacity.

3. Seed Round

Amount Raised: $1.5 M
Date: July 2015
Lead Investors: FundersClub, Wefunder
Motivation: To strengthen product-market fit and attract new D2C clients.

4. Series A

Amount Raised: $4.58 M
Date: May 2016
Lead Investors: Hyde Park Venture Partners, Recruit Holdings
Motivation: To expand the U.S. fulfillment center network.

5. Series B

Amount Raised: $17.5 M
Date: June 2017
Lead Investors: Bain Capital Ventures, Hyde Park Venture Partners, FJ Labs
Motivation: To develop proprietary logistics software and analytics tools.

6. Series C

Amount Raised: $40 M
Date: September 2018
Lead Investors: Menlo Ventures, Y Combinator, Bain Capital Ventures
Motivation: To enhance automation and enter international markets.

7. Series D

Amount Raised: $68 M
Date: September 2020
Lead Investors: SoftBank Vision Fund, Menlo Ventures, Y Combinator, Bain Capital Ventures
Motivation: To accelerate platform integration and customer onboarding.

8. Series E

Amount Raised: $200 M
Date: June 2021
Lead Investors: Bain Capital Ventures, Menlo Ventures, SoftBank Group, Hyde Park Venture Partners
Motivation: To support global expansion and reach unicorn valuation.

Total Funding Raised: $333 Million

Current Valuation: $1 Billion (as of June 2021)

Latest Funding Date: June 2021

Key Investors

1. SoftBank Vision Fund

Details: Global investment arm of SoftBank Group focusing on late-stage technology ventures.
Investment Focus Areas: E-commerce, AI, logistics, and automation.
Notable Investments: ShipBob, Coupang, Flexport, GoPuff.

2. Bain Capital Ventures

Details: U.S.-based venture capital firm backing enterprise SaaS and logistics startups.
Investment Focus Areas: Supply chain technology, fintech, and digital commerce.
Notable Investments: ShipBob, Attentive, Flywire, LinkedIn.

3. Menlo Ventures

Details: Venture capital firm with a portfolio spanning consumer and enterprise technology.
Investment Focus Areas: Logistics, AI, fintech, and cloud infrastructure.
Notable Investments: ShipBob, Roku, Carta, Benchling.

4. Y Combinator

Details: Startup accelerator that mentored and seed-funded ShipBob in its early stages.
Investment Focus Areas: Early-stage startups across tech and e-commerce.
Notable Investments: ShipBob, Airbnb, DoorDash, Stripe.

Where Is ShipBob’s Headquarters?

ShipBob is headquartered in Chicago, Illinois, a strategic logistics and commerce hub in the United States. Its location offers proximity to major distribution corridors and access to a large skilled workforce, helping the company manage efficient, nationwide fulfillment operations.

What’s Next for ShipBob?

ShipBob plans to scale its international fulfillment network further, introduce AI-driven inventory forecasting, and expand into the European and Asia-Pacific markets. The company aims to enhance its warehouse robotics capabilities and improve real-time data visibility for merchants. With strong institutional support from SoftBank and Bain Capital Ventures, ShipBob is positioning itself as a global leader in technology-driven e-commerce logistics.

Get Investor & Funding Insights with TexAu

TexAu helps sales and business teams uncover detailed fundraising information on companies like ShipBob. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.

Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.