Deliverr, a leading provider of fulfillment services for e-commerce businesses, has raised $170 million in a Series D funding round led by Coatue Management. This latest funding brings Deliverr’s total raised to $240 million, and the company plans to use the funds to expand its network of fulfillment centers and improve its technology platform.
Founded in 2017, Deliverr offers fast and affordable fulfillment services to e-commerce businesses of all sizes. The company’s platform integrates with major marketplaces like Amazon, Walmart, and eBay, allowing sellers to offer two-day shipping to their customers without having to maintain their own inventory or shipping infrastructure.
With the rise of e-commerce, the demand for fast and reliable fulfillment services has never been higher. Deliverr has positioned itself as a leader in this space by offering a seamless and cost-effective solution for businesses looking to compete with larger retailers.
Expanding the Network of Fulfillment Centers
One of the key areas where Deliverr plans to invest its new funding is in expanding its network of fulfillment centers. The company currently operates 15 centers across the United States, but it plans to add more locations in order to offer faster shipping times to more customers.
By expanding its network, Deliverr will be able to offer two-day shipping to even more zip codes, making it an even more attractive option for e-commerce businesses looking to compete with larger retailers. This will also help the company to better serve customers in rural areas, where shipping times can often be longer.
Improving the Technology Platform
In addition to expanding its network of fulfillment centers, Deliverr also plans to use its new funding to improve its technology platform. The company’s platform is already highly automated and efficient, but there is always room for improvement.
By investing in its technology platform, Deliverr will be able to offer even faster and more reliable fulfillment services to its customers. This will help the company to stay ahead of the competition and continue to grow its market share in the e-commerce fulfillment space.
Partnering with Major Marketplaces
Another key area where Deliverr plans to invest its new funding is in partnering with major marketplaces like Amazon, Walmart, and eBay. By integrating with these marketplaces, Deliverr can offer its fulfillment services to a wider range of e-commerce businesses.
This will help the company to reach more customers and grow its revenue, while also providing a valuable service to businesses that are looking to offer fast and reliable shipping to their customers. By partnering with major marketplaces, Deliverr can also benefit from the increased visibility and credibility that comes with being associated with these well-known brands.
The Future of Deliverr
With $240 million in funding and a strong track record of success, Deliverr is well-positioned to continue its rapid growth in the e-commerce fulfillment space. By expanding its network of fulfillment centers, improving its technology platform, and partnering with major marketplaces, the company is poised to become an even more dominant player in this space.
As e-commerce continues to grow and evolve, the demand for fast and reliable fulfillment services will only continue to increase. Deliverr is at the forefront of this trend, and with its latest funding round, it has the resources it needs to stay ahead of the competition and continue to provide valuable services to e-commerce businesses of all sizes.