Shipium, a Seattle, WA-based technology-driven supply chain and logistics company seeking to solve "the Prime problem," announced that it raised $27.5 million in a Series A round led by Insight Partners.
This round brings Shipium's total funding to $38.7 million since its inception in 2019, furthering its mission to help retailers compete for customer growth and loyalty through a premium shipping experience.
The company will use the Series A funding to invest in engineering talent to expand platform capabilities that coordinate more parts of the supply chain, including network optimization and sophisticated order routing.
Company: Shipium Corp.
Raised: $27.5M
Round: Series A
Funding Month: April 2022
Lead Investors: Insight Partners
Additional Investors:
Company Website: https://www.shipium.com/
Software Category: Supply chain and Logistics
About the Company: Shipium was founded by the veteran teams that built the technology powering Amazon Prime and Zulily's supply chain. Shipium is a technology-driven supply chain and logistics company seeking to solve "the Prime problem" for companies facing heightened customer expectations. The company aims to help e-commerce companies ship their orders fast, free, and on-time better than anyone else by improving supply chain decisions, which can reduce shipping costs by over 5% and speed up estimated delivery by several days. Shipium provides the missing piece of technology that retailers need to meet changing consumer preferences while profitably scaling e-commerce operations.
Source: https://www.prnewswire.com/news-releases/shipium-raises-27-5m-series-a-to-provide-e-commerce-retailers-with-the-tech-stack-required-to-compete-with-amazon-301525405.html