Overview of Deliverr
Deliverr is one of the leading shipping logistics platform for e-commerce in the United States. It allows e-commerce merchants to quickly and cost-effectively fulfill orders with two-day shipping. They recently announced a $170 million Series D round led by Coatue, bringing the total funding raised to $240 million.
This section will overview Deliverr’s business model and financing history.
What is Deliverr?
Deliverr is a shipping logistics platform for e-commerce sellers in the US, recently having completed its Series D funding round with a total of $170M. This brings its total funding to $240M, with Coatue as the leading investor. The San Francisco-based company’s mission is to empower merchants of all sizes to compete in today’s e-commerce landscape.
Deliverr connects merchants with an established network of carriers across every major US market – offering same/next day delivery and cost-efficient 2-5 day nationwide delivery solutions. It gives sellers more control over their fulfillment, enabling them to provide faster delivery services and improve customer experience while managing their expenses better on the backend. Furthermore, Deliverr offers integrated inventory management and order tracking capabilities which track orders from fulfillment to delivery roadside – enabling smarter decision making while creating a smoother customer experience.
In addition, Deliverr has designed scalable rewards systems integrated directly into their platform – helping sellers incentivize customer loyalty by offering exclusive promotions and discounts at checkout for repeat customers across various markets (including but not limited to: product launches, targeted campaigns etc.). Such programs are designed with machine learning algorithms that allow for flexible customization per merchant’s specific needs within minutes.
All in all, Deliverr provides efficient courier service solutions within a unified platform – giving merchants more visibility into their orders and allowing them more control over the entire ordering and fulfilment processes.
Company background and mission
Deliverr is a shipping logistics platform for e-commerce in the US. It was founded in 2015 by Chris Neumann and Chris Samios, two serial entrepreneurs who wanted to make it easier and faster for e-commerce businesses to get their products to customers. By leveraging technology, Deliverr has created an industry-leading logistics platform that empowers merchants with greater control over their store shipping operations, reducing costs and ensuring reliable delivery of products.
Deliverr is a comprehensive suite of services designed to make the entire order fulfillment process faster, simpler, and more efficient. With the help of its cutting-edge software platform, merchants can easily plan shipments; track orders online; create custom returns labels; manage time-sensitive shipments; and take advantage of discounted shipping rates from its network of over 20 international courier partners. Deliver’s commitment to its customers’ success is demonstrated by real-time shipment tracking, flexible shipping rules for refunds/replacements/returns, customizable invoice templates/order forms, detailed analytics reports on past shipments, and more.
At Deliverr our mission is to modernize supply chains so that every ecommerce business can deliver their product quickly and efficiently at an optimal cost. We are committed to helping our customers provide a seamless shopping experience by offering tailored solutions based on their needs. To do this we strive towards three key goals: maximizing speed and efficiency; increasing customer satisfaction; and keeping costs down without sacrificing service quality. Our full suite of services works together seamlessly so that all aspects of order fulfillment—from planning to tracking—are optimized using insights from each step. By helping you keep up with consumer expectations while optimizing your operations in an increasingly competitive space, Deliverr ensures your deliveries get where they need to go – fast!
Deliverr, operator of a shipping logistics platform for e-commerce in the US, raises $170M Series D led by Coatue, bringing its total raised to $240M
Deliverr, a shipping logistics platform for e-commerce, recently announced that they had raised $170 million in a Series D funding round led by Coatue, bringing their total amount of funding to $240 million.
This injection of funding allows Deliverr to expand their operations and reach, plus develop new products and services to benefit their customers.
This article will examine the details of the Series D funding and what it means for Deliverr.
Amount raised
Deliverr, operator of a US shipping logistics platform for e-commerce, has raised a total of US$240 million in Series D funding. Coatue led this round with Sapphire Ventures, S3 Ventures, and DST Global participation.
This brings Deliverr’s total amount of funding to an impressive US$240 million across four funding rounds from a wide range of investors. These backers include 8VC, Khosla Ventures, iFlyVC Fund I, Western Technology Investment (WTI), FJ Labs, Zacks Investment Group and Voyager Capital.
The company will use the latest funds to accelerate solution development for its customers and geographic expansion across the United States.
Investors involved
Deliverr, a fast-growing shipping logistics platform for e-commerce businesses in the US, has recently announced the closing of its Series D financing. The round was led by Coatue and involved participation from existing investors Fidelity Management & Research Company LLC, Softbank Vision Fund 2, Norwest Venture Partners and ICONIQ Capital, with partners from previous rounds including DCVC (Data Collective), Upfront Ventures, Meridian Capital Partners and Signia Venture Partners. This new injection of capital brings the total raised by Deliverr to $240 million.
This new financing round comes when Deliverr sees unprecedented growth due to a surge in e-commerce sales during the coronavirus pandemic. The company plans to use this funding to accelerate investments in its core infrastructure and expand its presence across the US. It also plans on leveraging its position to help retailers expand their online reach globally while gaining access to increased flexibility and visibility in their shipping logistics process.
Use of funds
Deliverr plans to use the funds from its Series D round to accelerate the development of its e-commerce logistics platform. The company will also expand its reach in the US market and enhance tools it offers to small businesses. These include new features like analytics and automation tools and promotional opportunities, such as discounts and special offers.
Additionally, Deliverr will use the funds to help small merchants grow their businesses by providing better customer service.
The company plans to open up staffing opportunities across various departments, from customer service to engineering. This would add more positions and create jobs for thousands of people currently out of work due to pandemic-related layoffs. Furthermore, Deliverr is committed to building a more sustainable infrastructure by incorporating additional sustainability practices and solutions into their operations. These solutions include reducing waste production, minimizing energy use, and increasing recycling efforts at their warehouses.
Expansion Plans
Deliverr has announced that they have raised $170 million in their Series D round of funding, which Coatue led. This brings their total raised to $240 million.
This new funding will help Deliverr expand operations, increase their market share, and expand their global presence to new markets. Let’s explore their expansion plans for the future.
Expansion of services
Deliverr plans to use its new funding to expand its services from coast to coast and increase its warehouse network across the US. In addition, Deliverr intends to expand beyond just providing e-commerce services. Deliverr plans to enter the larger package delivery market by partnering with major carriers such as UPS, FedEx, etc. This will enable customers to access various delivery options depending on their needs.
Investments will also be made in technology development to streamline the delivery process and make it more efficient for businesses and customers. As part of this effort, Deliverr is also investing in automation and artificial intelligence (AI) technologies which could save businesses time and money by reducing manual processes and errors associated with shipping.
Finally, Deliverr plans to increase its customer acquisition efforts by expanding its marketing efforts into new channels such as Google Ads, Facebook ads, and more traditional outreach tactics like direct mailers. Additionally, they plan to focus on customer engagement campaigns such as rewards programs or subscription options that may encourage customers to utilize their platform more often.
By investing further into expanding services, building improved technology solutions utilizing AI capabilities combined with customer acquisition campaigns through various channels; Deliverr aims at becoming a formidable force in the large package delivery market across the US.
New partnerships
Deliverr, the first modern Shipping Logistics Platform for e-commerce, has announced a $170 million Series D funding round led by Coatue. This round brings their total funding to $240 million and will be used to expand their partner network that includes 1,500+ shipping carriers and 800+ shopping platforms. The new capital will allow Deliverr to further accelerate its platform growth initiatives and enhance its services across the US, Canada and Europe.
Deliverr has secured several new partnerships with leading courier service providers including FedEx, UPS, Canada Post and regional courier partners to support this expansion. These partnerships enable Deliverr customers to access reliable regional delivery services at competitive pricing with full tracking visibility throughout their supply chain.
Additionally, Deliverr has established relationships with leading e-commerce shopping cart vendors, online marketplaces and third party logistics (3PL) providers such as Shopify Plus and BigCommerce that offer one-click integration directly into its platform. This direct integration allows merchants of all sizes to leverage Deliverr’s technology capabilities through existing integrations without additional technical customization or programming resources needed.
By partnering with these industry leaders in e-commerce logistics solutions, Deliverr can offer a suite of features that boost merchant performance including free two-day shipping on orders over a certain size; improved order accuracy; live tracking visibility; inventory data synchronization; same day delivery for perishables/urgent orders; priority freight options for large hauls; more cost effective flat-rate packaging options (including drop shipping); discounted cross border trade management fees; optimization algorithms that automatically assign best routes; and AI powered marketplace payment automation flows.
Together these partnerships will continue to drive efficiency in last mile delivery within e-commerce while enabling superior customer experience expectations.
Expansion of customer base
Deliverr is looking to expand its customer base with the recent investment of $170M. The company seeks to further capitalize on their holistic logistics network and become a leader in third-party logistics for brands of all sizes in the US, offering higher service levels than other players in the space. Deliverr plans to leverage its data-driven, software-powered platform and expertise in ecommerce fulfillment to provide increased reach and faster, more efficient delivery for its partners.
The funding will also go towards expanding Deliverr’s operational footprint into new geographies and bolstering its core retail capabilities. Through expansion into new locations, Deliverr will increase their ability to better serve customers from coast-to-coast with faster order speeds and improved accuracy across an even broader product selection. The company also plans to use part of the funds to invest heavily in technology infrastructure such as APIs, machine learning algorithms, and enhanced analytics tools to increase automation and further integrate fulfillment processes within an end-to-end framework. This technology investment is expected to enhance the customer experience while helping retailers scale operations safely during extreme peak volumes.
Impact of Funding
With the additional funding of $170 million, Deliverr is poised to accelerate its growth and expand its shipping logistics platform. Not only will this capital enable the company to invest in its product offering, but it will also support existing and future customer needs.
This section will discuss the impact of this recent funding on Deliverr’s operations.
Impact on e-commerce industry
The announcement of a large Series D funding round for Deliverr has significant implications for the e-commerce industry. The $170 million new funding will allow Deliverr to continue providing reliable and cost-effective shipping services for merchants and increase its already significant regional presence in the US.
By further establishing itself as a major logistics platform for e-commerce, Deliverr can provide even more efficient delivery methods, with timely pickups from warehouses and faster transit times. In addition to faster delivery times, Deliverr has an edge in tracking shipments and providing up-to-date order statuses so customers can be sure their items arrived on time.
Finally, the new funds should help Deliverr expand its customer service and fully utilize existing warehouse facilities to better support customers, particularly those with larger orders or more challenging deadlines. This could lead to increased customer satisfaction and sales numbers and give customers access to new and innovative services like client analytics tools or automated decision making processes.
Overall, the infusion of large scale funding into Deliverr is likely to positively impact both consumer experiences and revenue opportunities across the board in the ecommerce industry.
Impact on customer experience
Funding from Series D will allow Deliverr to continue to scale its infrastructure, focus on enhancing its customer experience, and bolster technologies that customers rely on. With additional investments, Deliverr will be able to offer customers more service options across more of its growing network. This new capital will also go towards expanding Deliverr’s proprietary technology stack, which includes predictive-pricing algorithms, real-time tracking visibility, delivery monitoring tools, and back-end reporting capabilities. By leveraging these cutting-edge solutions and strategic partnerships, Deliverr is well positioned to provide customers with a better shopping experience.
In addition to increased services provided by the company’s same-day platform and its eCommerce API Marketplace, the infusion of capital will help expand Devlierr’s offerings and ensure that clients can connect with their respective consumers faster and more cost effectively than ever before. The additional resources will also assist in bolstering Devlierr’s fulfillment analysis system that offers businesses insights into their operations across multiple geographical locations, enabling them to improve their overall performance. The result is a better customer experience that enables businesses to rapidly deliver goods at a greater speed at reduced prices for consumers all over the US.
Impact on competition
The Series D funding secured by Deliverr is significant, as it significantly increases Deliverr’s market influence across the e-commerce industry in the United States. In addition, the influx of capital will likely fuel further expansion of Deliverr’s services and capabilities, providing them with a competitive edge over other existing players in the space.
This may result in a heightened level of competition for e-commerce merchants and shipping logistics operators looking to acquire customers and market share. Companies may have to compete more heavily on price (or other distinguishing factors such as brand loyalty or service quality). Additionally, customers of these platforms will likely have more choices when selecting a service provider; companies will need to fight harder for their business.
Deliverr’s additional funding is expected to make their shipping logistics platform more attractive for customers due to their increased capabilities.