Deliverr 170m Series: Scaling an Affordable Alternative to Amazon Prime
Deliverr, a California-based startup that provides fulfillment services for e-commerce businesses, has raised $170 million in a Series D funding round led by Coatue with participation from Brookfield Technology Partners, Activant Capital, 8VC, and GLP . The company’s latest funding round brings its valuation to $1.35 billion . Deliverr’s mission is to make fast and affordable delivery accessible to every e-commerce vendor, regardless of their size or location.
Revolutionizing E-commerce Fulfillment
Deliverr’s platform connects merchants with a network of warehouses across the United States, enabling them to store their inventory closer to their customers and fulfill orders faster. The company’s technology optimizes the fulfillment process, reducing shipping costs and delivery times while improving customer satisfaction .
Deliverr’s platform integrates with popular e-commerce platforms such as Shopify, Walmart, and Amazon, making it easy for merchants to manage their inventory and orders from a single dashboard . The company’s technology also provides real-time inventory tracking and analytics, enabling merchants to make data-driven decisions and optimize their operations .
Expanding Reach with Series E Funding
In November 2021, Deliverr announced that it had raised $250 million in a Series E funding round led by Coatue with participation from SoftBank Vision Fund 2, Brookfield Technology Partners, and Fidelity Management & Research Company . The company’s latest funding round brings its valuation to $2 billion .
Deliverr plans to use the funds to expand its network of warehouses and improve its technology platform. The company also aims to hire more employees and invest in marketing to reach more merchants . With its latest funding round, Deliverr is well-positioned to continue revolutionizing e-commerce fulfillment and making fast and affordable delivery accessible to every merchant.
The Future of E-commerce Fulfillment
Deliverr’s success highlights the growing demand for affordable and efficient e-commerce fulfillment solutions. As more consumers shop online, merchants need to find ways to deliver their products quickly and cost-effectively. Deliverr’s platform provides a scalable solution that enables merchants of all sizes to compete with larger retailers.
The company’s technology also aligns with the growing trend of same-day and next-day delivery, which has become a key differentiator in the e-commerce industry. By enabling merchants to store their inventory closer to their customers, Deliverr can help them deliver products faster and more cost-effectively.
Deliverr’s latest funding rounds demonstrate the company’s commitment to revolutionizing e-commerce fulfillment. By providing a scalable platform that enables merchants to store their inventory closer to their customers, Deliverr is making fast and affordable delivery accessible to every e-commerce vendor. With its latest funding round, Deliverr is well-positioned to continue expanding its reach and improving its technology platform, driving innovation in the e-commerce industry.