ShippyPro, a Florence, Italy-based provider of a shipping platform for commerce, secured $15 million in Series B funding.
The investment round was from Five Elms Capital.
Five Elms Capital is a growth investor in world-class software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. Five Elms maintains offices in North America and Europe and invests in the best software platforms globally.
ShippyPro Use of Funds
The company will use the funding to expand globally and accelerate innovation to become the shipping infrastructure for brands. This investment will also support its mission to simplify shipping processes for businesses by optimizing all aspects of fulfillment.
ShippyPro is an all-in-one shipping management software for global ecommerce merchants and omnichannel brands. It helps businesses save time and millions of dollars in logistics budget by providing a multi-carrier infrastructure and automating shipping rates comparison, label generation, tracking, returns, and logistics data analysis. The company has built a library for logistics with over 165 carriers and 85 sales channels natively integrated that gives brands access to new shipping services in no time making a valuable accelerator for global expansion and omnichannel orchestration. The company has introduced two new products: one for convenient Out-of-home deliveries and another called ShippyPro Data Optimize, which offers advanced shipping data analytics for better control.
Company: Italian Valley Srl
Round: Series B
Funding Month: November 2023
Lead Investors: Five Elms Capital
Company Website: https://www.shippypro.com/
Software Category: Shipping Management Software