Shippo Valuation, Funding & Investors

Shippo is valued at $1B as of June 2021.

Last Shippo valuation

$1B

Series E · Jun 2021

Last Shippo funding round

$50M

Series E · Jun 2021

Cumulative funding Shippo raised

$154M

across 7 funding rounds

Key investors in Shippo

  • Uncork Capital
  • Version One Ventures
  • Bessemer Venture Partners
  • Union Square Ventures
  • SeedersClub
  • 500 Global

Shippo Overview

About Shippo

Shippo is a San Francisco-headquartered API-first shipping platform connecting e-commerce businesses to over 40 carriers worldwide, including USPS, UPS, FedEx, and DHL. It enables label creation, batch printing, tracking, and address validation through web apps and integrations with Shopify, Amazon, and Etsy. Shippo offers negotiated rates and tools for returns, insurance, and international customs forms.


Founded

2013

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Jun 2021)

Shippo Valuation

Shippo is currently valued at $1B, based on its Series E in June 2021.

The $50M round was led by Bessemer Venture Partners, with participation from Uncork Capital, SeedersClub and Empede Capital.

Shippo's valuation has grown 4.5x from $220M at its Series C in April 2020 to $1B in June 2021, across 3 priced rounds.

Shippo valuation by funding round

Shippo valuation by funding round
DateStageValuation
Jun 2021Series E$1B
Feb 2021Series D$495M
Apr 2020Series C$220M

Shippo Funding History

Shippo has raised a total of $154M across 7 funding rounds.

Shippo's first fundraising round was a $300K seed round in April 2014. The most recent completed round was a $50M Series E in June 2021.

Shippo funding rounds

Shippo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Series EBessemer Venture Partners (lead); Uncork Capital; SeedersClub; Empede Capital$50M$1BShippo provides APIs that connect e-commerce platforms to shipping carriers, simplifying shipping for online businesses by enabling fast, low-cost delivery options similar to Amazon Prime. The company targets small to medium-sized lifestyle brands in fashion, cosmetics, food, and other sectors, helping them manage complex shipping logistics including carrier selection, label generation, and last-mile delivery. On February 23, 2021, Shippo raised $45 million in a Series D funding round led by D1 Capital Partners, with participation from existing investors including Bessemer Venture Partners, Union Square Ventures, Uncork Capital, and Version One Ventures. The round valued Shippo at a post-money valuation of $495 million, more than double its previous $220 million valuation from a Series C in April 2020. To date, Shippo had raised approximately $94 million across prior rounds. The funding came amid a surge in e-commerce driven by the COVID-19 pandemic, with Shippo reporting that it more than doubled its gross postage volume (GPV) in 2020, doubled its customer base to over 70,000 brands including Hims, Touch of Modern, and Aesop, and saw increased platform spend. CEO Laura Behrens Wu noted plans to double headcount by adding around 150 employees and expand internationally beyond the U.S., Germany, Canada, and Australia. Investors highlighted Shippo's growth potential in the usage-based SaaS shipping space, with Bessemer Venture Partners' Jeremy Levine noting opportunities to serve larger shippers. The round reflected strong momentum, following challenges in early fundraising where Wu pitched over 100 investors for the seed round. Just three months later in June 2021, Shippo raised a $50 million Series E led by Bessemer Venture Partners, Empede Capital, and Uncork Capital, achieving unicorn status at $1 billion valuation and reaching 100,000 customers.
Feb 2021Series DD1 Capital Partners (lead); Uncork Capital$45M$495MShippo is a software platform that provides shipping APIs and logistics solutions for e-commerce companies, connecting various tools to enable fast and cost-effective shipping operations. The company was founded in 2013 and is headquartered in San Francisco. On February 23, 2021, Shippo announced a $45 million Series D funding round led by D1 Capital Partners with participation from existing investors Bessemer Venture Partners, Union Square Ventures, Uncork Capital, and Version One Ventures. The round valued the company at $495 million, more than double its Series C valuation of $220 million from April 2020. In 2020, Shippo more than doubled total shipping spend on its platform and grew over three times faster than the U.S. e-commerce shipping market. The company used the proceeds to accelerate product development, expand its team, and scale operations globally. To date as of the Series D announcement, Shippo had raised $104.3 million across multiple rounds since its founding. The funding reflected strong investor confidence in the company's position in the rapidly growing e-commerce logistics space during the pandemic-driven online shopping boom.
Apr 2020Series CD1 Capital Partners (lead); Plug and Play; BoxGroup; Union Square Ventures; Bessemer Venture Partners; Uncork Capital; Version One Ventures$30M$220MShippo is a San Francisco-based shipping software and services platform that enables e-commerce businesses to manage shipping easily, integrating with platforms like OfferUp, Mercari, ShipBob, and Ecwid, and partnering with major carriers. In Q1 2020 (announced April 7, 2020), Shippo closed a $30 million Series C funding round led by D1 Capital Partners, with participation from existing investors including Bessemer Venture Partners, Union Square Ventures, Uncork Capital, and Version One Ventures. This brought total capital raised to nearly $60 million. The round valued the company at around $220 million post-money, slightly higher than prior estimates of $150 million, following 100% year-over-year growth in 2019. The Series C was raised starting in late Q4 2019, with funds hitting accounts just after Christmas 2019, positioning Shippo well for 2020 amid e-commerce acceleration. Shippo reported shipping over $12 billion worth of products in the prior year (likely 2019 or early 2020), more than doubled total shipping spend on its platform in 2020, and grew over three times faster than the U.S. e-commerce shipping market. The company served over 70,000 e-commerce businesses and employed 140 people at the time of the later announcement. This Q1 2020 round was followed closely by a Q4 2020 $45 million extension (Series D, announced February 2021) at $495 million valuation, again led by D1 Capital with existing investors doubling down, reflecting strong momentum in customer acquisition and partnerships during the e-commerce boom. Shippo continued raising capital, including a Series E in June 2021 at higher valuations, underscoring its position in the expanding shipping software market for e-commerce.
Oct 2017Series BBessemer Venture Partners (lead); Union Square Ventures; Transcend Fund; Uncork Capital; Version One Ventures; 500 Global$20M-Shippo raised a $20 million Series B funding round in spring 2017, announced in October 2017, led by Bessemer Venture Partners with participation from Union Square Ventures, SoftTech VC, and others. The shipping API platform, founded in 2013, serves e-commerce businesses by enabling rate comparison across carriers like USPS, FedEx, and UPS, label printing, package tracking, and paperwork automation. At the time, Shippo had customers including eBay, Ipsy, Martha Stewart, and over 15,000 others, reporting 71% year-over-year growth per customer. This followed prior funding of nearly $10 million. Shippo positioned itself in a competitive shipping software market against Pitney Bowes, Stamps.com, and Amazon's offerings. Later rounds provide context: a 2021 Series D at $495M valuation with $45M raised from similar investors including Bessemer, Union Square Ventures, Uncork Capital, and Version One Ventures; a Series E in June 2021 with $50M; and a 2024 Series D extension.
Sep 2016Series AUnion Square Ventures (lead); Fred Ehrsam; Uncork Capital; Version One Ventures; SeedersClub$7M-Shippo is a shipping API and logistics platform founded in 2013 and headquartered in San Francisco that helps e-commerce merchants connect to multiple carriers. The company raised a Series A round led by Union Square Ventures in 2016, with participation from Uncork Capital, Version One Ventures, and others including Fred Ehrsam and SeedersClub. Shippo continued raising capital in subsequent years, including a Series B in 2017 led by Bessemer Venture Partners, a $30M Series C in late 2019 led by D1 Capital Partners, a $45M Series D in February 2021 at $495M valuation, and a $50M Series E in June 2021 reaching $1B unicorn status. Total funding across all rounds reached approximately $154M from 22 investors.
Sep 2014SeedUncork Capital (lead); Joanne Wilson; Plug and Play; Slow Ventures; Fabrice Grinda; Güimar Vaca Sittic; Version One Ventures; 500 Global$2M--
Apr 2014SeedFundersClub; Dirk Herzbach; Fadi Ghandour; MENA Venture Investments; Taiga Matsuyama; SeedersClub$300K--

Who has invested in Shippo?

21 investors have backed Shippo across its funding rounds, including Uncork Capital, Version One Ventures, Bessemer Venture Partners, Union Square Ventures, SeedersClub and 500 Global.

Lead investors include Bessemer Venture Partners, D1 Capital Partners, Union Square Ventures and Uncork Capital.


Shippo Investors

Investors in Shippo by funding rounds participated
InvestorHQRoundsRoleFirst check
Uncork CapitalUnited StatesSan Francisco, CA6LeadSep 2014
Version One VenturesCanadaVancouver4ParticipantSep 2014
Union Square VenturesUnited StatesNew York City, NY3LeadSep 2016
Bessemer Venture PartnersUnited StatesSan Francisco, CA3LeadOct 2017
SeedersClubThailandBangkok3ParticipantApr 2014
Plug and PlayUnited StatesSan Francisco, CA2ParticipantSep 2014
D1 Capital PartnersUnited StatesNew York City, NY2LeadApr 2020
500 GlobalUnited StatesSan Francisco, CA2ParticipantSep 2014
Joanne WilsonUnited StatesNew York City, NY1ParticipantSep 2014
Fred EhrsamUnited StatesSan Francisco, CA1ParticipantSep 2016
Slow VenturesUnited StatesSan Francisco, CA1ParticipantSep 2014
BoxGroupUnited StatesNew York City, NY1ParticipantApr 2020
Fabrice GrindaUnited StatesNew York City, NY1ParticipantSep 2014

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Investments by Shippo

Shippo has invested in 1 company to date.

Latest investment by Shippo was on October 26th 2021. Shippo invested in Skydropx in their $20M Series A round.


Latest Investments by Shippo

Skydropx
Description
Skydropx is a Mexico City-headquartered logistics platform for e-commerce and retail in Latin America. It centralizes shipping from carriers like DHL, FedEx, and local providers, offering discounted rates and real-time tracking via API. The system integrates with shopping carts on Shopify and WooCommerce, automating label generation and delivery notifications. Skydropx leverages a network of independent couriers for same-day urban deliveries. Launched in 2019, it operates in Mexico, Colombia, and Chile, handling millions of parcels annually for SMEs.
HQ CountryMexico
HQ City
Monterrey
Deal Date26 Oct 2021
RoundSeries A
Raised$20M
InvestorsJAM Fund; Pari Passu Venture Partners; Cometa; FJ Labs; Justin Mateen; Flexport; Sierra Ventures; 645 Ventures; Base10 Partners
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Shippo Competitors

Shippo competitors include listed companies like GuoChuang Software and JSTI, and private ones like Bringg, FLASH, Huochebang and Neovia Logistics Services.

Public and private companies comparable to Shippo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BringgIsraelIsraelPrivate--$1B-
FLASHUnited StatesAustin, TXPrivate--$1B-
HuochebangChinaGuizhouPrivate--$1B-
Neovia Logistics ServicesUnited KingdomLeicesterPrivate--$1B-
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M-
JSTIChinaChinaPublicly listed$622M$30M$947M1.7x

Shippo Public Comps

Shippo is still privately-owned, but its public comps include Keytop Parking, GuoChuang Software, Beijing eGova, Jiangsu Tongxingbao, JSTI, e-Hualu, Blackbuck, Guotai Epoint Sofware, Wuxi Boton Technology and Duolun Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Keytop Parking$124M$29M7.5x-32.3x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Beijing eGova$90M($52M)8.4x-(14.5x)-
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
JSTI$622M$30M1.6x1.7x32.7x13.8x
e-Hualu$69M($310M)24.1x-(5.4x)-
Blackbuck$67M$16M16.5x14.5x68.3x53.2x
Guotai Epoint Sofware$274M$14M1.3x1.4x26.2x25.3x

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Common questions about Shippo

When was Shippo founded?Shippo was founded in 2013.
Where is Shippo headquartered?Shippo is headquartered in San Francisco, CA, United States.
Is Shippo publicly listed?No, Shippo is a private, VC-backed company.
What is Shippo's valuation?Shippo was last valued at $1B in its Series E in June 2021.
How much funding has Shippo raised?Shippo has raised $154M across 7 funding rounds.
What was Shippo's last funding round?Shippo's last funding round was a $50M Series E in June 2021, led by Bessemer Venture Partners.
Who are Shippo's investors?Shippo's investors include Uncork Capital, Version One Ventures, Union Square Ventures, Bessemer Venture Partners, SeedersClub, Plug and Play, D1 Capital Partners, 500 Global, Joanne Wilson, Fred Ehrsam and 11 others.
Which companies are comparable to Shippo?Companies comparable to Shippo include Bringg, FLASH, Huochebang, Neovia Logistics Services, GuoChuang Software and JSTI.
How many companies has Shippo invested in?Shippo has invested in 1 company, including Skydropx.
What was Shippo's last investment?In October 2021, Shippo invested in Skydropx's $20M Series A alongside JAM Fund, Pari Passu Venture Partners, Cometa and 6 other investors.

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