Deliverr, a leading fulfillment service provider, has raised $170 million in a Series F funding round led by Coatue. The funding round also saw participation from existing investors such as Activant Capital, 8VC, and GLP. The latest funding brings Deliverr’s total funding to $240 million and values the company at $1.35 billion.
Deliverr was founded in 2017 with the aim of helping small and medium-sized businesses (SMBs) compete with larger retailers by providing fast and affordable fulfillment services. The company offers a range of services, including warehousing, shipping, and inventory management, to help businesses streamline their operations and improve their customer experience.
Expanding its Fulfillment Network
With the latest funding, Deliverr plans to expand its fulfillment network and invest in technology to improve its services. The company aims to increase its network of fulfillment centers across the US and Canada, enabling it to offer faster and more affordable shipping options to its customers.
Deliverr’s fulfillment network currently includes over 15 million square feet of warehouse space across the US and Canada. The company works with a range of carriers, including UPS, FedEx, and USPS, to offer two-day and next-day shipping options to its customers.
Empowering SMBs
Deliverr’s mission is to empower SMBs by providing them with the tools and resources they need to compete with larger retailers. The company’s fulfillment services enable SMBs to offer fast and affordable shipping options, which can be a key differentiator in today’s competitive e-commerce landscape.
By partnering with Deliverr, SMBs can focus on growing their business while leaving the logistics to the experts. Deliverr’s technology-enabled services enable businesses to manage their inventory, track their shipments, and access real-time data to make informed decisions.
The Future of Fulfillment
The e-commerce landscape is rapidly evolving, and fulfillment is becoming an increasingly important part of the customer experience. Consumers expect fast and affordable shipping options, and businesses that can’t meet these expectations risk losing customers to their competitors.
Deliverr’s technology-enabled fulfillment services are well-positioned to meet the needs of today’s e-commerce businesses. The company’s focus on empowering SMBs and expanding its fulfillment network will enable it to continue to grow and innovate in the years to come.
The Importance of Fulfillment Services
Fulfillment services are an essential part of the e-commerce ecosystem. They enable businesses to store their inventory in strategically located warehouses, manage their orders, and ship their products to customers quickly and efficiently.
For SMBs, outsourcing their fulfillment operations to a third-party provider like Deliverr can be a game-changer. It enables them to focus on growing their business while leaving the logistics to the experts. This can be particularly valuable for businesses that are just starting out or that don’t have the resources to build their own fulfillment network.
Conclusion
Deliverr’s latest funding round is a testament to the company’s success in empowering SMBs and providing them with the tools they need to compete with larger retailers. The company’s focus on expanding its fulfillment network and investing in technology will enable it to continue to grow and innovate in the years to come.
As e-commerce continues to grow, fulfillment services will become an increasingly important part of the customer experience. Businesses that can offer fast and affordable shipping options will be well-positioned to succeed in this competitive landscape. Deliverr’s technology-enabled fulfillment services are well-positioned to meet these needs and empower SMBs to compete with larger retailers.
