Deliverr Raises $170 Million to Expand Fulfillment Services
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 . The funding round also saw participation from Brookfield Technology Partners, Activant Capital, 8VC, and GLP, bringing Deliverr’s total funding to $240 million . The company plans to use the funds to expand its operations and improve its technology platform .
Meeting the Demand for Fast and Affordable Delivery
As e-commerce continues to grow, so does the demand for fast and affordable delivery. Deliverr aims to meet this demand by providing affordable fulfillment services for small and medium-sized businesses . The company’s platform integrates with popular e-commerce platforms like Shopify, Walmart, and Amazon, allowing businesses to easily manage their inventory and orders .
Streamlining the Fulfillment Process
Deliverr’s fulfillment process is designed to be fast and efficient. The company has a network of warehouses across the United States, which allows for faster delivery times . When an order is placed, Deliverr’s system automatically selects the closest warehouse with the necessary inventory and ships the order from there . This streamlined process helps businesses save time and money on shipping costs.
Expanding Operations and Improving Technology
With the new funding, Deliverr plans to expand its operations and improve its technology platform. The company aims to open more warehouses across the United States, which will allow for even faster delivery times . Additionally, Deliverr plans to invest in its technology platform to make it even more user-friendly and efficient .
The Future of E-Commerce Fulfillment
As e-commerce continues to grow, the demand for fast and affordable fulfillment services will only increase. Deliverr’s innovative platform and streamlined fulfillment process make it a strong contender in the e-commerce fulfillment space. With the new funding, the company is well-positioned to continue expanding its operations and improving its technology platform, making it an even more attractive option for businesses looking to meet the demands of their customers.