Zonos Raises $69 Million Series A  

by Kay Aloha Villamor in September 16th, 2021

Zonos, a St. George, Utah-based global technology leader for cross-border commerce, announced today a $69 million minority investment led by Silversmith Capital Partners, a Boston-based growth equity firm.

Individual investors including Eric Rea ( co-founder) and (CEO of Podium) Aaron Skonnard, )co-founder and CEO of Pluralsight) Austen Allred, (co-founder, and CEO of Lambda School) Josh James, founder and (CEO of Domo), and David Elkington )founder of InsideSales) also participated in the round.

Zonos, the global technology leader for cross-border commerce, announced today a $69 million minority investment led by Silversmith Capital Partners, a Boston-based growth equity firm, with additional participation from individual investors including Eric Rea, co-founder, and CEO of Podium, Aaron Skonnard, co-founder and CEO of Pluralsight, Austen Allred, co-founder, and CEO of Lambda School, Josh James, founder and CEO of Domo, and David Elkington, founder of InsideSales.

Company: Zonos

Raised: $69.0M

Round: Series A

Funding Month: September 2021

Lead Investors: Silversmith Capital Partners

Additional Investors: Eric Rea, Aaron Skonnard, Austen Allred, Josh James, and David Elkington

Company Website: https://zonos.com/

Software Category: SaaS solution

About the Company: Zonos is the global technology leader for cross-border commerce. The company’s SaaS solution gives eCommerce merchants, logistics providers, trade organizations, and online marketplaces the tools and services to simplify their international landed cost process. The company created the shipping carrier-agnostic cross-border category, which aims to solve problems through technology, not shipping. Zonos simplifies cross-border sales for businesses worldwide through proprietary software that is powered by the company’s global trade data expertise. The company profitably tripled its team size to over 100 employees since early 2020 and is on track to continue at an accelerated pace as it grows its footprint in the burgeoning technology hub in Southern Utah.

Source: https://www.businesswire.com/news/home/20210915005148/en/Zonos-Raises-69-Million-Series-A-Led-By-Silversmith-Capital-Partners-to-Democratize-Cross-Border-Sales-Amid-Global-Commerce-Boom

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