Deliverr, a California-based technology company that offers fast and affordable fulfillment solutions for e-commerce businesses, has recently raised $170 million in a Series D funding round. The funding was led by Coatue, a global technology investment firm, and included participation from other notable investors, such as Softbank, 8VC, and Tompkins.
Additionally, Barry Sternlicht, the founder of Starwood Capital Group, contributed $240 million in a separate round of funding. Sternlicht, who is also a billionaire investor and entrepreneur, has been named to Deliverr’s board of directors as part of the investment deal.
This latest funding round brings Deliverr’s total funding to over $240 million, and the company’s valuation is now estimated at over $1.5 billion. With this significant amount of funding, Deliverr plans to accelerate its growth and expand its operations across the United States.
Deliverr’s technology platform offers an efficient and cost-effective way for businesses of all sizes to fulfill their orders. The company’s software automates the order fulfillment process, from receiving orders to shipping products to customers. By leveraging Deliverr’s technology, e-commerce businesses can reduce their shipping costs, improve delivery times, and enhance their overall customer experience.
Deliverr’s success has been fueled by the explosive growth of e-commerce in recent years. As more consumers turn to online shopping, the demand for fast and reliable shipping solutions has never been higher. With its innovative technology and customer-centric approach, Deliverr is well-positioned to capitalize on this trend and become a leading player in the e-commerce logistics space.
In a statement, Deliverr’s CEO, Michael Krakaris, expressed his excitement about the recent funding round and the company’s future prospects. “We’re thrilled to partner with Coatue, Softbank, and Barry Sternlicht as we continue to build the future of e-commerce logistics,” he said. “This funding will allow us to expand our reach and continue to innovate our technology platform to better serve our customers.”
Overall, Deliverr’s latest funding round represents a significant milestone for the company and underscores the growing importance of logistics in the e-commerce industry. With the support of its investors and the strength of its technology platform, Deliverr is poised to revolutionize the way businesses fulfill their orders and meet the evolving needs of their customers.
Deliverr, Series D funding, Coatue, Sternlicht, e-commerce fulfillment, logistics, automation, customer experience.