Shipfusion, a Toronto, Canada-based leading provider of retail fulfillment solutions for eCommerce companies, announced that it raised $40 million in growth equity investment from Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors.
The latest financing comes as Shipfusion further accelerates its growth and global expansion to support more customers with new strategic warehouse locations, along with advanced technology enhancements to its platform.
As part of this round of financing, Leon Chen of Kayne Partners will join Shipfusion’s Board of Directors.
Company: Shipfusion Inc.
Round: Private Equity
Funding Month: April 2022
Lead Investors: Kayne Partners
Company Website: https://www.shipfusion.com/
Software Category: Drop Shipping Software
About the Company: Shipfusion was founded by a team of long-time eCommerce and logistics professionals who believe retailers should be able to trust their fulfillment partners as much as their in-house team. Shipfusion is a leading provider of retail fulfillment solutions for eCommerce companies throughout North America. With distribution centers in Chicago, Toronto, Las Vegas, and Los Angeles--Shipfusion provides fulfillment infrastructure to rising online retail companies who are looking to expand their businesses to the next level. Shipfusion offers world-class customer service, strong cloud software, and creative solutions to fit the needs of any online retailer. Shipfusion recently announced the launch of our 250,000+ square foot warehouse in Las Vegas, a growing hub for many leading logistics companies in North America. Shipfusion has built robust technology around B2B fulfillment, partnering with EDI integrators such as SPS Commerce.