Shippabo secures $1.8m in funding

The cloud-based import management platform, founded in 2015, helps shippers track forwarders, customs documentation, and trucking and drayage services.    The digital shipping platform Shippabo on Thursday said it has secured $1.8 million in private funding.
   The Los Angeles-based company provides importers access to an online system where they can procure and track freight forwarding services, customs documentation and trucking and drayage services.
   “Small and midsize shippers are in most need of a system like ours,” Shippabo CEO Nina Luu said. “As their businesses grow beyond 100 containers, they struggle to keep track of shipment bookings and statuses. Shippabo lets them book shipments as soon as they place their purchase orders.”
   Prior to founding Shippabo in 2015, Luu founded IGH, where she was an importer supplying to Costco and Saks Fifth Avenue, among other retailers. She started Shippabo out of her own need for a user-friendly, automated supply chain management system that offered better visibility to avoid costly penalties for missing deadlines. Customers include Technicolor and the subscription-based gaming and pop culture goods retailer Loot Crate.
   Investors include Wonder Ventures, TenOneTen Ventures, Double M Partners, Slow Ventures, angel investor Joanne Wilson and others.
   Wilson and Dustin Rosen of Wonder Ventures have joined Shippabo’s board of directors.