Total amount raised
$490.9 Millions
Latest funding date
11/01/2021
Location
Deliverr has successfully raised significant funding through multiple rounds, with the latest being a Series E round. The company has attracted a diverse group of investors, including Employee Stock Option Fund and Activant Capital.
Keep reading to explore the intricacies of Deliverr's fundraising journey and the investors backing this innovative platform.
What Is Deliverr?
Deliverr, founded in 2017 by Harish Abbott and Michael Krakaris, is a San Francisco-based company specializing in fulfillment services for e-commerce businesses. The company operates within the logistics, shipping, and supply chain management industries.
With an employee count ranging from 1001 to 5000, Deliverr aims to help online marketplaces meet shipping standards and avoid late shipment penalties. The company was acquired by Flexport on May 4, 2023.
How Much Funding Has Deliverr Raised?
- Series A
- Amount Raised: $7.1M
- Date: October 2018
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and scale their fulfillment services for e-commerce businesses.
- Series B
- Amount Raised: $23M
- Date: September 2019
- Lead Investors: GLP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their logistics network and improve service capabilities.
- Series C
- Amount Raised: $850K
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their technology and operational efficiency.
- Series C
- Amount Raised: $40M
- Date: February 2020
- Lead Investors: Activant Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand their market reach.
- Convertible Note
- Amount Raised: $35M
- Date: March 2021
- Lead Investors: Brookfield Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the expansion of operations and warehouse capacity.
- Series D
- Amount Raised: $135M
- Date: March 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations, increase warehouse capacity, and extend business reach.
- Series E
- Amount Raised: $250M
- Date: November 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale their fulfillment services and enhance technology.
Total Amount Raised: $490M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that deploys capital in both public and private markets. They are known for their aggressive investment strategy and significant presence in the technology sector.
- Investment Focus Areas: Technology, consumer, industrial sectors.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Coatue
- Details: Coatue is a technology-focused investment firm managing both public and private equity funds. They have a strong track record in identifying and investing in high-growth technology companies.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Snap, DoorDash, Bytedance.
- Brookfield Growth
- Details: Brookfield Growth is the growth equity arm of Brookfield Asset Management, focusing on technology investments. They leverage Brookfield's extensive network and resources to support their portfolio companies.
- Investment Focus Areas: Technology, renewable energy, infrastructure, real estate.
- Notable Investments: Enwave, Clarios, Westinghouse.
- Activant Capital
- Details: Activant Capital is a growth equity firm that invests in technology companies. They focus on businesses that are transforming commerce and have a strong emphasis on operational excellence.
- Investment Focus Areas: Technology, e-commerce, logistics.
- Notable Investments: Bolt, Better.com, Finix.
- GLP
- Details: GLP is a global investment manager specializing in logistics and real estate. They are one of the largest owners and operators of logistics real estate globally.
- Investment Focus Areas: Logistics, real estate, related technologies.
- Notable Investments: G7 Networks, Prologis China, Indospace.
What's Next for Deliverr?
Deliverr is poised for significant growth as it expands its warehouse network and next-day delivery services nationwide. The company aims to leverage its recent $170 million funding to enhance its fulfillment capabilities and attract more sellers, positioning itself as a competitive alternative to giants like Amazon.
Future fundraising opportunities seem promising, given the substantial capital already raised and the growing demand for fast, cost-effective delivery solutions. Deliverr's focus on expanding its operations and workforce indicates potential for additional investment rounds to support further growth.
However, the company faces challenges such as managing rapid expansion, ensuring consistent service quality, and competing with established e-commerce giants. Navigating these hurdles will be crucial for Deliverr as it continues to scale and capture a larger market share.
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