Deliverr Raises $170 Million to Scale an Affordable Alternative to Amazon
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 funding round also saw participation from existing investors, including Fidelity Management & Research Company, SoftBank Vision Fund 2, and Sternlight Capital . This latest investment brings Deliverr’s total funding to over $240 million.
Deliverr was founded in 2017 with the aim of helping small and medium-sized e-commerce businesses compete with larger retailers by providing fast and affordable fulfillment services. The company offers a network of warehouses across the United States and Canada, as well as integrations with popular e-commerce platforms like Shopify, Walmart Marketplace, and eBay .
Expanding Fulfillment Services
With the new funding, Deliverr plans to expand its fulfillment services and invest in technology to improve its platform. The company also aims to hire more employees and open additional warehouses to meet growing demand .
According to Michael Krakaris, co-founder and CEO of Deliverr, “We’re excited to have the support of these world-class investors as we continue to build the next generation of fulfillment infrastructure for e-commerce. This funding will allow us to accelerate our growth and bring our affordable and fast fulfillment solutions to even more sellers” .
Challenging Amazon Prime
Deliverr’s mission is to provide an affordable alternative to Amazon Prime for small and medium-sized e-commerce businesses. While Amazon Prime offers fast and free shipping for its own products, it can be expensive and difficult for third-party sellers to compete with. Deliverr aims to level the playing field by offering fast and affordable fulfillment services to all e-commerce businesses, regardless of their size or sales volume .
Krakaris believes that Deliverr’s approach is resonating with e-commerce sellers. “We’ve seen tremendous growth in demand for our services as more and more sellers look for ways to compete with Amazon. Our goal is to provide a better alternative that’s affordable and accessible to everyone” .
Deliverr’s latest funding round is a testament to the company’s rapid growth and potential for success in the e-commerce fulfillment industry. With the support of world-class investors and a commitment to providing affordable and fast fulfillment services, Deliverr is well-positioned to challenge Amazon Prime and level the playing field for small and medium-sized e-commerce businesses.