Total amount raised
$490.9 Million
Latest funding date
11/01/2021
Location
Deliverr has successfully raised funding over 7 rounds, with the latest being a Series E round involving 8 investors. The company has a total of 12 investors, including notable names like Employee Stock Option Fund and Activant Capital.
Deliverr's fundraising journey culminated in its acquisition by Flexport, a platform known for coordinating global logistics. Keep reading to explore the intricacies of Deliverr's fundraising journey and the investors backing this innovative platform.
What Is Deliverr?
Deliverr is a fulfillment service that facilitates shipping services for e-commerce businesses. The company operates in the delivery, e-commerce, logistics, shipping, and supply chain management industries.
Founded in San Francisco, California, Deliverr has grown to employ between 1001-5000 people. The company has been acquired by Flexport, a platform known for coordinating global logistics.
How Much Funding Has Deliverr Raised?
- Series A
- Amount Raised: USD 7,100,000
- Date: October 2018
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and scale initial operations.
- Series B
- Amount Raised: USD 23,000,000
- Date: September 2019
- Lead Investors: GLP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's fulfillment network and enhance service capabilities.
- Series C (First Round)
- Amount Raised: USD 849,991
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational needs and minor expansions.
- Series C (Second Round)
- Amount Raised: USD 40,000,000
- Date: February 2020
- Lead Investors: Activant Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the fulfillment network and improve technology infrastructure.
- Series D
- Amount Raised: USD 135,000,000
- 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.
- Convertible Note
- Amount Raised: USD 35,000,000
- Date: March 2021
- Lead Investors: Brookfield Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and operational scaling.
- Series E
- Amount Raised: USD 250,000,000
- Date: November 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To significantly scale operations and enhance service offerings.
Total Amount Raised: USD 490,949,991. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. The firm has a strong track record of investing in high-growth companies worldwide.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Brookfield Growth
- Details: Brookfield Growth is the technology investment arm of Brookfield Asset Management, focusing on technology companies that can leverage Brookfield's global assets and operating businesses. The firm aims to support innovative companies with strategic capital and resources.
- Investment Focus Areas: Technology, innovation-driven companies
- Notable Investments: Carbon Health, Workrise
- Coatue
- Details: Coatue is a global technology-focused investment firm that invests in public and private markets. The firm is known for its deep expertise in technology, media, and telecommunications sectors.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Snap, DoorDash, ByteDance
- Activant Capital
- Details: Activant Capital is a growth equity firm that invests in commerce infrastructure, fintech, and supply chain companies. The firm partners with entrepreneurs to build market-leading businesses.
- Investment Focus Areas: Commerce infrastructure, fintech, supply chain
- Notable Investments: Bolt, Better.com, Deliverr
- GLP
- Details: GLP is a global investment manager specializing in logistics, real estate, infrastructure, finance, and related technologies. The firm manages a diverse portfolio of assets and focuses on creating value through strategic investments.
- Investment Focus Areas: Logistics, real estate, infrastructure, finance, related technologies
- Notable Investments: G7 Networks, Deliverr
What's Next for Deliverr?
Deliverr is poised for significant growth as it expands its warehouse network and enhances its next-day delivery services. The company aims to capture a larger share of the e-commerce fulfillment market, leveraging its partnerships and innovative logistics solutions. With a potential market size exceeding $100 billion, the opportunities are vast.
Future fundraising rounds are likely, given Deliverr's rapid growth and the increasing demand for fast, cost-effective fulfillment services. The company may also explore strategic acquisitions to bolster its technology and expand its market reach. However, challenges such as competing with established giants like Amazon and managing rapid expansion will need to be navigated carefully.
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