- Deliverr, a service that helps e-commerce companies set up two-day shipping using intelligent algorithms, announced it raised $40 million
Deliverr is a service that helps e-commerce companies set up two-day shipping using intelligent algorithms. And the company announced it raised $40 million in Series C funding led by Activant Capital. 8VC, GLP, and Flexport founder and CEO Ryan Peterson also joined the funding round. Including this round of funding, Deliverr has raised a total of $70 million.
“What we enable a merchant to do is offer free two-day delivery anywhere they sell, whether it’s Walmart, eBay, even Amazon, because we integrate into Prime or their own website,” said Deliverr CEO and co-founder Michael Krakaris in an interview with TechCrunch. Plus the company also set up a program for merchants who also want to set up next-day delivery.
Krakaris sharpened his skills while working at Twilio. Twilio is a company that is used for delivering billions of messages at scale to the customers of major app companies without being a carrier.
Deliverr launched in 2017 and the company is already serving thousands of merchants. And Deliverr has relationships with a network of warehouses around the country. This works out well for warehouse companies since many of them have unused space. And Deliverr’s algorithms are able to find the fastest and cheapest way to deliver goods from warehouses to consumers on time.