Shippo joined the Unicorn Club on June 2, 2021, after raising a $50 million Series D funding round led by Bessemer Venture Partners, valuing it at $1 billion. Headquartered in San Francisco, United States, Shippo provides cloud-based shipping software that simplifies logistics for e-commerce merchants through APIs, integrations, and automation tools.
Keep reading to understand how Shippo enables businesses to streamline multi-carrier shipping and manage fulfillment with efficiency and transparency.
What Is Shippo and What Does It Do?
Founded in 2013, Shippo offers a web-based shipping platform and API that connects online merchants with major carriers and e-commerce platforms. Its technology allows users to print labels, compare real-time shipping rates, track deliveries, manage returns, and automate refunds, all from a centralized dashboard.
The platform integrates directly with popular marketplaces and e-commerce tools, including Shopify, BigCommerce, Magento, and Etsy, as well as with carriers such as DHL, UPS, and FedEx. Shippo operates on a subscription-based model, providing scalable logistics solutions for both small businesses and large e-commerce enterprises.
How Much Funding Has Shippo Raised?
1. Series D Round
- Amount Raised: $50 million
- Date: June 2, 2021
- Valuation: $1 billion
- Lead Investors: Bessemer Venture Partners
- Purpose: Accelerate product innovation and support growth in global logistics operations
2. Earlier Rounds (Seed to Series C)
- Cumulative Funding: ~$104 million
- Key Investors: equitywestsecurities.com, EQUIAM, Uncork Capital, SoftTech VC
- Purpose: API development, e-commerce integrations, and operational scaling
Total Funding Raised: ~$154 million
Latest Funding Date: June 27, 2022
Latest Valuation: ~$1 billion
Employee Count: 127 (as of December 31, 2022)
Key Investors
1. EQUIAM
- Details: Growth-stage investment firm specializing in private technology companies.
- Focus Areas: SaaS, logistics tech, and e-commerce infrastructure.
2. equitywestsecurities.com
- Details: Investment advisory firm focusing on mid-market growth and venture opportunities.
- Focus Areas: E-commerce enablement, fintech, and automation.
Where Is Shippo’s Headquarters?
Shippo is headquartered in San Francisco, California, United States, with teams focused on product engineering, logistics partnerships, and developer ecosystem support. Its operations extend across North America and Europe, serving thousands of e-commerce merchants worldwide.
What’s Next for Shippo?
Shippo continues to expand its global carrier network and API-driven logistics tools, aiming to simplify fulfillment for e-commerce businesses at every scale. The company is investing in AI-powered rate optimization, sustainability-focused shipping options, and deeper integrations with major online retail platforms to support the evolving needs of merchants.
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