What is Shippit?
Shippit offers a comprehensive cloud-based software solution designed to streamline the fulfillment and shipping processes for businesses. Operating from Sydney, New South Wales, the company enables clients to manage package fulfillment and shipping operations efficiently from any location. Since its founding in 2014, Shippit has focused on providing scalable technology to meet the evolving demands of e-commerce logistics, facilitating seamless delivery experiences for a growing customer base.
How much funding has Shippit raised?
Shippit has raised a total of $71.2M across 4 funding rounds:
Angel/Seed
$500K
Angel/Seed
$500K
Series A
$2.2M
Series B
$68M
Angel/Seed (2015): $500K, investors not publicly disclosed
Angel/Seed (2015): $500K led by Equity Venture Partners
Series A (2017): $2.2M supported by The Aura Group, AddVenture Fund, and RTL Group
Series B (2022): $68M featuring Siteminder, Tiger Global, Perennial, Jason Lenga, and SecondQuarter
Key Investors in Shippit
The Aura Group
The Aura Group is an investment firm that provides capital and strategic guidance to businesses. Their focus often lies in supporting companies with strong growth potential across various industries.
AddVenture Fund
Tidal Ventures, formerly known as Seed Venture Capital and AddVenture Fund, focuses on providing venture capital services. The company aims to support innovative startups and growth-oriented businesses across various sectors.
RTL Group
RTL Group is a leading European media company specializing in broadcasting, content production, and digital media services. Their investment in Shippit suggests an interest in logistics technology that supports e-commerce and digital distribution.
What's next for Shippit?
The substantial enterprise-level capital infusion, including the recent strategic investment, positions Shippit for accelerated growth and market penetration. This backing is expected to fuel further development of its logistics platform, enhance its service offerings, and potentially expand its geographical reach. As Shippit continues to scale, its focus will likely remain on optimizing supply chain efficiency for its clients and solidifying its position as a key player in the global shipping and fulfillment technology market. The company's strategic financing indicates a strong investor confidence in its business model and future prospects.
See full Shippit company page
