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- ShipBob
ShipBob Valuation, Funding & Investors
ShipBob is valued at $1B as of June 2021.
Last ShipBob valuation
$1B
Series E · Jun 2021
Last ShipBob funding round
$200M
Series E · Jun 2021
Cumulative funding ShipBob raised
$331M
across 6 funding rounds
Key investors in ShipBob
Hyde Park Venture Partners
Bain Capital Ventures
HPA (Hyde Park Angels)
Menlo Ventures
Y Combinator
SoftBank Group
About ShipBob
ShipBob is a cloud-based logistics and fulfillment platform built for small and medium-sized e-commerce businesses, offering inventory management, order tracking, and analytics alongside a global network of fulfillment centers. Founded in 2014 through Y Combinator and based in Chicago, the company expanded from 10 to more than 24 facilities across the U.S., Canada, U.K., Ireland, and Australia, giving merchants a unified view of orders, inventory, and shipments across sales channels. It supports omnichannel offerings such as two-day shipping on marketplaces including Walmart Marketplace.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$1B (Jun 2021)
ShipBob Valuation
ShipBob is currently valued at $1B, based on its Series E in June 2021.
The $200M round was led by Bain Capital Ventures, with participation from Menlo Ventures, SoftBank Group, HPA (Hyde Park Angels), 50 South Capital, Silicon Valley Bank and 1 other investor.
ShipBob valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series E | $1B |
ShipBob Funding History
ShipBob has raised a total of $331M across 6 funding rounds.
ShipBob's first fundraising round was a $1M seed round in April 2015. The most recent completed round was a $200M Series E in June 2021.
ShipBob funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series E | Bain Capital Ventures (lead); Menlo Ventures; SoftBank Group; HPA (Hyde Park Angels); 50 South Capital; Silicon Valley Bank; Hyde Park Venture Partners | $200M | $1B | ShipBob is a Chicago-based cloud-based logistics platform designed for small and medium-sized ecommerce businesses, offering world-class fulfillment capabilities including inventory management, order tracking, advanced analytics, and a global network of fulfillment centers. By June 2021, it had expanded from 10 to 24 facilities across the US, Canada, UK, Ireland, and Australia, following strong growth during the COVID-19 ecommerce surge. On June 29, 2021, ShipBob raised $200 million in a Series E funding round led by Bain Capital Ventures, with participation from SoftBank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels, and Silicon Valley Bank, bringing total funding to $330.5 million. The round valued the company well over $1 billion, achieving unicorn status and more than doubling the valuation from its $68 million Series D in September 2020 led by SoftBank Vision Fund 2. ShipBob reported growing profitably through 2020. The new capital was earmarked to expand the software platform, scale the global fulfillment network, and enhance omnichannel commerce capabilities, including offerings like free two-day shipping for merchants on platforms such as Walmart Marketplace with a 95% on-time delivery rate. Investors highlighted ShipBob's rapid growth, customer success, and ability to help ecommerce brands compete with Amazon-like logistics. ShipBob's platform provides a unified view of business operations across sales channels, enabling efficient management of products, inventory, orders, and shipments. The company had previously raised funds in earlier rounds: Seed in 2015, Series A $4M in 2016, Series B $17.5M in 2017 led by Bain Capital Ventures, and Series C $40M in 2018. |
| Sep 2020 | Series D | SoftBank Group (lead); Menlo Ventures; Y Combinator; HPA (Hyde Park Angels); Bain Capital Ventures; Hyde Park Venture Partners | $68M | - | ShipBob is an ecommerce fulfillment and enablement technology company offering a full-stack solution including order and inventory management, warehouse management, predictive analytics, and optimized shipping for direct-to-consumer brands. Founded in 2014 and launched via Y Combinator, it operates fulfillment centers across the US, Canada, and Europe, powering shipping for thousands of ecommerce businesses. On September 28, 2020, ShipBob raised $68 million in its Series D funding round led by SoftBank Vision Fund 2, with participation from prior investors Menlo Ventures, Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels, and Y Combinator. This brought total funding to $130.5 million. SoftBank Investment Advisers Managing Partner Ervin Tu joined the board. The new capital was earmarked to enhance fulfillment capabilities for more customers, accelerate growth, expand the software platform, scale the global fulfillment network, hire talent, and improve merchant experience. ShipBob planned to open two additional US facilities in Q4 2020 and ten more across North America, Europe, Asia, and Australia in 2021. The COVID-19 pandemic significantly boosted demand, accelerating customer acquisition. At the time, ShipBob was on track to generate more than $100 million in revenue for 2020, as stated by company leadership and reported in local business media. SoftBank highlighted ShipBob's use of data, technology, and operations to drive significant revenue and profit growth, positioning it as a potential market leader for SMBs and larger merchants globally. |
| Sep 2018 | Series C | Menlo Ventures (lead); Y Combinator; HPA (Hyde Park Angels); Bain Capital Ventures; Hyde Park Venture Partners | $40M | - | ShipBob is a Chicago-based e-commerce fulfillment and technology provider founded in 2014 through Y Combinator by CEO Dhruv Saxena and Divey Gulati, offering services to help small and medium-sized direct-to-consumer businesses streamline shipping, logistics, inventory management, and back-office operations to compete with larger players like Amazon. The company had previously raised $4 million in a Series A round in June 2016 led by Hyde Park Venture Partners and $17.5 million in a Series B round in June 2017 led by Bain Capital Ventures, bringing total funding to over $61.5 million including the latest round. On September 6, 2018, ShipBob announced a $40 million Series C funding round led by Menlo Ventures, with participation from existing investors Bain Capital Ventures, Hyde Park Venture Partners, Hyde Park Angels, and Y Combinator. Menlo Ventures partner Shawn Carolan joined ShipBob's board as part of the deal. The funds were intended to scale operations across fulfillment centers, hire for engineering, client success, sales, and marketing roles, enhance same-day shipping capabilities, fuel growth, and expand the software platform. At the time, ShipBob had grown its headcount from 60 employees post-Series B to more than 400 and opened its largest 105,000-square-foot fulfillment center in Chicago, six times larger than its previous location there and over twice the size of any other in its network, which also included sites in Brooklyn, N.Y., Dallas, Los Angeles, and San Francisco. |
| Jun 2017 | Series B | Bain Capital Ventures (lead); Daniel Curran; FJ Labs; HPA (Hyde Park Angels); Bragiel Brothers; Fabrice Grinda; FundersClub; Hyde Park Venture Partners; Erik Peterson | $18M | - | ShipBob raised $17.5 million in its Series B funding round on June 13, 2017, led by Bain Capital Ventures with participation from investors including Bragiel Brothers, Daniel Curran, Erik Peterson, Fabrice Grinda, FJ Labs, FundersClub, HPA (Hyde Park Angels), and Hyde Park Venture Partners. The company provides software and services for e-commerce fulfillment, targeting small and medium-sized businesses with Amazon-scale logistics capabilities. Founded in 2014 in Chicago through Y Combinator by co-founders Dhruv Saxena and Divey Gulati, ShipBob addressed inefficiencies in shipping for growing e-commerce businesses. |
| May 2016 | Series A | Hyde Park Venture Partners (lead) | $4M | - | ShipBob, a Chicago-based e-commerce fulfillment and logistics startup founded in 2014, raised $4 million (or $4.58 million per one source) in a Series A funding round around May-June 2016 led by Hyde Park Venture Partners, with participation from Hyde Park Angels, FJ Labs, Recruit Strategic Partners, FundersClub, and others including Y Combinator. The funding aimed to expand ShipBob's U.S. fulfillment center network, escalate geographical footprint, strengthen the team, develop more products, build warehouses in at least five new U.S. cities, and scale operations to meet demand from small and medium-sized e-commerce businesses selling on platforms like eBay, Shopify, Amazon, Magento, Etsy, Kickstarter, and Indiegogo. ShipBob provides an integrated platform for inventory management, customer communication, order fulfillment, packaging, and shipping at optimized rates, addressing pain points for SMBs in logistics. The company projected 500% growth following the round amid rising e-commerce sales representing 8% of total retail but growing at 15% annually. |
| Apr 2015 | Seed | Daniel Curran; SV Angel; Brendan Wallace; Zillionize; Wefunder; StartCaps Ventures; Adeyemi Ajao; FundersClub; Augusta Investments; Kevin Moore; Otter Rock Capital | $1M | - | - |
Who has invested in ShipBob?
23 investors have backed ShipBob across its funding rounds, including Hyde Park Venture Partners, Bain Capital Ventures, HPA (Hyde Park Angels), Menlo Ventures, Y Combinator and SoftBank Group.
Lead investors include Bain Capital Ventures, SoftBank Group, Menlo Ventures and Hyde Park Venture Partners.
ShipBob Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | May 2016 | ||
| 4 | Participant | Jun 2017 | ||
| 4 | Lead | Jun 2017 | ||
| 3 | Lead | Sep 2018 | ||
| 2 | Participant | Apr 2015 | ||
| 2 | Participant | Sep 2018 | ||
| 2 | Lead | Sep 2020 | ||
| 2 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Apr 2015 | ||
| 1 | Participant | Jun 2017 | ||
This data is available for Pro users. Sign up to see all 23 ShipBob investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialShipBob Competitors
ShipBob competitors include listed companies like GigaCloud Technology and Transfar Zhilian Co, and private ones like Sendcloud, Flexe, YH Global and Neovia Logistics Services.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $750M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $3.7B | $258M | $1.9B | 1.3x |
ShipBob Public Comps
ShipBob is still privately-owned, but its public comps include Hangzhou SF Intra-City, Keytop Parking, Reysaş Lojistik, CTT Correios de Portugal, GuoChuang Software, Rezolve AI, Beijing eGova, Jiangsu Tongxingbao, Marten Transport and Prosegur Cash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.4B | $54M | 0.2x | 0.2x | 11.8x | 8.4x | |||
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $257M | $142M | 4.8x | - | 8.6x | - | |||
| $1.4B | $202M | - | - | - | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
This data is available for Pro users. Sign up to see all ShipBob competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ShipBob
| When was ShipBob founded? | ShipBob was founded in 2014. |
| Where is ShipBob headquartered? | ShipBob is headquartered in United States. |
| Is ShipBob publicly listed? | No, ShipBob is a private, VC-backed company. |
| What is ShipBob's valuation? | ShipBob was last valued at $1B in its Series E in June 2021. |
| How much funding has ShipBob raised? | ShipBob has raised $331M across 6 funding rounds. |
| What was ShipBob's last funding round? | ShipBob's last funding round was a $200M Series E in June 2021, led by Bain Capital Ventures. |
| Who are ShipBob's investors? | ShipBob's investors include Hyde Park Venture Partners, HPA (Hyde Park Angels), Bain Capital Ventures, Menlo Ventures, Daniel Curran, Y Combinator, SoftBank Group, FundersClub, SV Angel, Brendan Wallace and 13 others. |
| Which companies are comparable to ShipBob? | Companies comparable to ShipBob include Sendcloud, Flexe, YH Global, GigaCloud Technology, Neovia Logistics Services and Transfar Zhilian Co. |
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