Shipwell raises $35 million in funding round, adds FedEx compatibility
Digital freight management firm will expand headcount and open Chicago office, company says.
Digital freight management company Shipwell has raised $35 million in a series B funding round led by Georgian Partners and including Fifth Wall, Global Founders Capital, Box Group, and Aspect Ventures, the company said Thursday.
The Austin, Texas-based startup said it has raised $47 million in funding to date and plans to expand employee headcount and open a second office—in Chicago—next year.
Shipwell also said Thursday that it is now FedEx compatible, allowing users to manage their parcel and freight shipping in one centralized, cloud-based platform.
"Shipwell is taking a huge step forward today with our announcement of Series B in addition to FedEx compatibility," Greg Price, CEO and co-founder of Shipwell, said in a statement. "With Georgian Partners, Shipwell is poised to continue delivering a product that makes supply chain management automated, simplified, and cost-effective."
Since its series A funding round last October, Shipwell has grown shipments on its platform by 600% from more than 4,000 monthly users, company leaders said.
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