Newsletters Contact Us

E-commerce & FulfillmentLast-Mile DeliveryLast-mile deliveryModern ShipperParcel FreightTechnology

Shippo landed $45M in funding last quarter

Second funding round in a year brings total investment to $94 million

Mark Solomon
·
$45 million more for Shippo (Photo: Shutterstock)

E-commerce shipping IT platform Shippo disclosed Tuesday that it received $45 million in funding during the fourth quarter in 2020 from its existing investors, bringing to $94 million the funding that the company has landed since its inception in 2013.

The latest round came from the same investor group that provided $30 million in funding last April, Shippo said in a blog post. The San Francisco-based company would not disclose the names of the investors other than to say that venture capital firm D1 Capital led the April 2020 round.

According to Shippo’s estimates, the fourth-quarter round raised the company’s valuation to $495 million, more than doubling its valuation of late 2019.

Shippo’s technology allows e-commerce businesses, online marketplaces and platforms to integrate shipping with multiple carriers through an automated programming interface (API) and web applications. It provides shipping support for small to midsize e-commerce merchants that struggle to compete with the likes of Amazon.com Inc. (NASDAQ:AMZN).

Shippo said it now has more than 70,000 customers, and that $12 billion of goods were shipped in 2020 using its system.

Upcoming FreightWaves Events
Fraud & Security

Freight Fraud Symposium

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

May 20, 2026
Rock & Roll Hall of Fame • Cleveland, OH
Register Now
AI & Technology

Supply Chain AI Symposium

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

July 15, 2026
The Old Post Office • Chicago, IL
Register Now
Rail & Policy

Future of Rail Symposium

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

July 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
Register Now
Fraud & Security Freight Fraud Symposium May 20 • Cleveland, OH

Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.

Rock & Roll Hall of Fame • Cleveland, OH Register Now
AI & Technology Supply Chain AI Symposium Jul 15 • Chicago, IL

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

The Old Post Office • Chicago, IL Register Now
Rail & Policy Future of Rail Symposium Jul 28 • Chattanooga, TN

Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.

The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now

Mark Solomon

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Solomon witnessed and narrated the rise of Amazon and XPO Logistics and the shift of the U.S. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment.