ShipBob Raises $17.5 Million
Mobile shipping startup ShipBob completed $17.5 million in Series B financing. Bain Capital Ventures, Hyde Park Venture Partners, FundersClub, Hyde Park Angels, and FJ labs participated in the funding.
From packaging items to printing labels and standing in line at the post office, shipping stuff is a hassle. ShipBob saves businesses time and money on fulfillment by aggregating FedEx, UPS, and USPS shipments. For the price users currently pay for shipping or less, ShipBob can pick up, professionally package, ship, and track fulfillment.
In its announcement, the company said the investment from Bain Capital Ventures gives it the ability to scale faster and serve the needs of the rapidly growing ecommerce market.