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5 startup trends that shaped the Midwest in 2018

5 startup trends that shaped the Midwest in 2018

Venture Beat

November 29, 2018

Three of the largest rounds of funding raised by Chicago startups were in logistics this year. Top VCs across the country are looking to the Midwest for innovation in this space, and they have found it. Project44 closed a $45 million round led by OpenView, ShipBob closed a $40 million led by Menlo Ventures, and FourKites closed a $35 million round led by August Capital. Project44 and FourKites are innovating on end-to-end predictive supply chain visibility, while ShipBob enables small to medium business to offer Amazon Prime-like shipping speeds to their customers.

Read more on Venture Beat
To optimize fulfillment, logistics have to play along

To optimize fulfillment, logistics have to play along

Supply Chain Dive

November 29, 2018

As part of their process, warehouse and fulfillment service ShipBob recommends where merchants put their inventory, said Divey Gulati, co-founder of ShipBob. They look at the customer location concentration and as well as items sold. "Maybe there’s no demand in California for ice scrapers. That’s mostly in Chicago and New York, where you’ll want to offer faster delivery," Divey told Supply Chain Dive. That way, they minimize the number of shipments, placing items closer to where the customer is located.

Read more on Supply Chain Dive
5 Trends That Will Redefine Retail In 2019

5 Trends That Will Redefine Retail In 2019

Forbes

November 28, 2018

“What happens if customers don’t have to compromise on their buying experience because they get the exact same delivery experience (if not better) on their favorite brand’s website?” asks Dhruv Saxena, CEO of logistics innovator ShipBob. “This is the version of the world which excites us; the power of any individual anywhere to create a brand they are passionate about, to be able to serve and treat their customers the way they would want to be treated.”

Read more on Forbes
Mayor Emanuel Announces Local Tech Companies Adding 2,000 Jobs in Chicago

Mayor Emanuel Announces Local Tech Companies Adding 2,000 Jobs in Chicago

Mayor's Press Office

November 28, 2018

Mayor Rahm Emanuel today announced that 16 local technology companies have added or will be adding a combined 2,000 jobs in Chicago in 2018 and 2019. The tech companies participating in Tech Day 2018 include ShipBob – tech-enabled fulfillment service that allows ecommerce businesses to provide next-day and 2-day shipping from their own websites or other online marketplaces while maintaining full control over their customers' experiences; 135 jobs.

Read more on Mayor's Press Office
The growth of microbrands threatens consumer-goods giants

The growth of microbrands threatens consumer-goods giants

The Economist

November 8, 2018

Other service providers can pass on economies of scale once available only to consumer-goods giants.

Businesses such as ShipBob, a Chicago startup, do something similar with shipping, allowing small brands to offer faster, cheaper deliveries.

Read more on The Economist
Robots and software are improving warehouse ROI

Robots and software are improving warehouse ROI

Supply Chain Dive

November 6, 2018

ShipBob is concentrating that software investment in a few areas, including its WMS system, picking pathways and TMS. When the final customer is using the checkout page, for example, they use live data and visibility to see if the products are in stock and qualify for free two-day shipping, based on the items selected, their warehouse location, the customer’s address, and the vendor’s rules for free shipping. Their transportation management system can predict USPS delivery time, to deliver more economically while still meeting time demands. “It enables them to offer the Amazon Prime customer experience,” Gulati said.

Read more on Supply Chain Dive
Here are Chicago’s Five Hottest Tech Startups

Here are Chicago’s Five Hottest Tech Startups

Red Herring

October 23, 2018

Chicagoans really love their logistics! ShipBob, founded in 2014, is an “e-commerce fulfillment” service that helps SMEs ship quickly and securely. Last week it won a $40m Series C round from Menlo Ventures, bringing the company’s total funding to $62.5m, with a staff count of over 400. That makes ShipBob one of the logistics tech sector’s most exciting up-and-comers, and cements its place among Chicago’s startup elite. Y Combinator recently placed it 56th of its 100 most valuable startups.

Read more on Red Herring
Chicago Startup Makes Y Combinator’s List of 100 Most Successful Companies

Chicago Startup Makes Y Combinator’s List of 100 Most Successful Companies

Chicago Inno

October 19, 2018

To give a snapshot of its most successful companies, Y Combinator recently published a list of the top 100 YC companies by valuation. And a Chicago startup cracked the top 60. ShipBob, an e-commerce logistics startup that helps smaller businesses ship their wares with Amazon-like speeds, ranked No. 56 on Y Combinator’s list.

Read more on Chicago Inno
Y Combinator Top Companies List - 2018

Y Combinator Top Companies List - 2018

Y Combinator

October 17, 2018

Here is a list of the top 100 Y Combinator companies by valuation, as of October 2018. We put this list together to help people get to know some of the fastest growing alumni in the YC community. We’re proud to know the founders behind these companies and that we’re a part of their stories.

Read more on Y Combinator
Google ex-CEO, AOL co-founder are putting money into Chicago companies. Here’s why.

Google ex-CEO, AOL co-founder are putting money into Chicago companies. Here’s why.

Chicago Tribune

October 12, 2018

Chicago-based e-commerce logistics company ShipBob also raised out-of-state venture capital as part of $40 million in new investments announced last month. ShipBob recently opened a new fulfillment warehouse in Cicero and is pushing to hire 100 people in the next year. Existing investors including Chicago-based Hyde Park Venture Partners participated in the funding round, but California-based Menlo Ventures led it. One of the firm’s partners, Shawn Carolan, joined ShipBob’s board of directors. Carolan also helped with Menlo Ventures’ investment in Uber.

Read more on Chicago Tribune
The Prime Effect: How Amazon’s Two-Day Shipping Is Disrupting Retail

The Prime Effect: How Amazon’s Two-Day Shipping Is Disrupting Retail

Wall Street Journal

September 20, 2018

Amazon’s nominal competitor in online retail, Walmart, also offers a marketplace for third parties to sell their goods; the big difference is, it doesn’t assist them with fulfillment—and forbids them from using Amazon’s fulfillment services. (It’s not uncommon for items purchased on eBay or Google Express to arrive in Amazon boxes.) So some sellers are turning to startups like ShipBob, Flexe and Deliverr. Scale is essential. Mom-and-pop shops and even midsize retailers can no longer assume buyers will put up with getting their goods days later via the U.S. Postal Service. In response, startups are trying to aggregate enough retail customers that they can offer the all-important fixed rates for nationwide two-day shipping.

Read more on Wall Street Journal
Chicago Inno’s 2018 50 on Fire

Chicago Inno’s 2018 50 on Fire

Chicago Inno

September 19, 2018

Today, we’re officially announcing the 50 people and companies that are heating up Chicago tech.

Dhruv Saxena and Divey Gulati, co-founders, ShipBob: Saxena and Gulati founded ShipBob in 2014 with the goal of helping small companies ship their products faster. Four years later, the company has raised more than $62 million, with the help of a $40 million round just in September. In June, the startup made the Wall Street Journal’s Tech Companies to Watch 2018, an annual list that spotlights 25 “emerging leaders in hot corners of the tech industry."

Read more on Chicago Inno
Growing logistics startup ShipBob raises $40 million in Series C, opens new fulfillment center

Growing logistics startup ShipBob raises $40 million in Series C, opens new fulfillment center

FreightWaves

September 11, 2018

Growing ecommerce logistics company ShipBob has raised $40 million in Series C funding and opened a new 150,000 square foot fulfillment center in Chicago. This is all part of the startup’s mission to help independent ecommerce businesses battle giants like Amazon. In a world where two-day shipping has shifted from a luxury to an expectation, ShipBob helps ecommerce businesses without their own high tech logistics operations hold their own.

Read more on FreightWaves
ShipBob Raises $40 Million to Back E-Commerce Fulfillment Growth

ShipBob Raises $40 Million to Back E-Commerce Fulfillment Growth

Wall Street Journal

September 6, 2018

E-commerce fulfillment startup ShipBob has raised $40 million in new funding to expand the warehousing and technology services it offers small- and medium-size brands to compete with Amazon.com Inc. The Chicago-based company, which launched in 2014, operates five warehouses in major cities where it fulfills customer orders within one to two days for more than 2,000 internet retailers.

Read more on Wall Street Journal
ShipBob brings in $40M to help e-commerce businesses compete with Amazon

ShipBob brings in $40M to help e-commerce businesses compete with Amazon

TechCrunch

September 6, 2018

Nowadays, those of us who shop for everyday goods online are accustomed to said goods arriving on our doorstep 24 to 48 hours after we click ‘buy.’ That’s because of Amazon; the e-commerce giant’s next-day delivery feature is a sweet, sweet deal, but for smaller e-commerce businesses that are trying to compete with Jeff Bezos it’s, well, tough. ShipBob is here to help. The Chicago-based startup has raised a $40 million Series C to help small e-commerce businesses streamline the fulfillment process and manage inventory.

Read more on TechCrunch
Chicago-based ShipBob lands $40 million investment, opens new Cicero warehouse

Chicago-based ShipBob lands $40 million investment, opens new Cicero warehouse

Chicago Tribune

September 6, 2018

With $40 million in new investments announced Thursday, Chicago-based e-commerce logistics company ShipBob is eyeing an expansion — starting with a new fulfillment warehouse in Cicero and a push to hire 100 people in the next year. The startup aims to help small to midsize e-commerce companies ship their products at speeds similar to Amazon. Shipping logistics tends to be the hardest part of launching an e-commerce brand, said Dhruv Saxena, ShipBob’s co-founder and CEO.

Read more on Chicago Tribune
ShipBob raises $40 million for expansion

ShipBob raises $40 million for expansion

Crain's Chicago Business

September 6, 2018

ShipBob, which tackled the hard job of bringing Amazon-like shipping service to small and mid-sized companies, raised another $40 million. The five-year-old company had explosive growth last year, when staff increased from about 60 to 400. Much of the hiring came as ShipBob expanded outside Chicago. It now has warehouse operations in San Francisco, Los Angeles, Dallas and New York, with plans to add more cities and beef up its technology, sales and distribution staff.

Read more on Crain's Chicago Business
The Best E-Commerce Fulfillment Services of 2018

The Best E-Commerce Fulfillment Services of 2018

PC Magazine

August 22, 2018

Often called 3PLs, e-commerce fulfillment services have been around for years, managing product distribution and fulfillment for large retail businesses and small mail-order companies. While the services covered here in this roundup provide the same services, they separate themselves from traditional 3PLs because of their concentration on providing fulfillment services for e-commerce retailers.

Read more on PC Magazine
ShipStation Announces Platinum Partnership with ShipBob

ShipStation Announces Platinum Partnership with ShipBob

Business Insider

June 20, 2018

ShipStation, the leading web-based e-commerce shipping solution, today announced its Platinum partnership with ShipBob. ShipBob is a logistics company providing e-commerce fulfillment software and the ability for online retailers to offer two-day shipping to its customers. ShipBob aims to help online merchants of every size compete with the biggest retail brands. ShipBob is now part of ShipStation's Fulfillment Provider Program as a preferred fulfillment partner for ShipStation users.

Read more on Business Insider
Simplifying eCommerce Returns With Shipping Labels And Instant Credits

Simplifying eCommerce Returns With Shipping Labels And Instant Credits

PYMNTS

June 7, 2018

Returns can be a headache for everyone involved: merchants, customers and even the logistic middleman. And eCommerce merchants have the added difficulty of not having accessible storefronts for the customer to drop off returns. Shipbob, which started as a way to help merchants distribute online orders, sought to help retailers tackle this challenge by taking on returns through a partnership with Returnly. The decision made sense for the company: “Returns is the natural extension of the eCommerce customer journey,” ShipBob co-founder Dhruv Saxena told PYMNTS.com in an interview.

Read more on PYMNTS
ShipBob Integrates Returnly to Streamline Online Returns Management

ShipBob Integrates Returnly to Streamline Online Returns Management

Sourcing Journal

June 6, 2018

Online fulfillment provider ShipBob is the latest company to integrate a returns management solution, choosing as its partner Returnly—a tech firm that helps e-commerce companies accelerate returns and refunds. In what could be a sign of e-commerce’s evolution and maturation, returns management is getting more than its share of attention these days, as third parties innovate to help online merchants gets costs under control and turn a pain point into profits.

Read more on Sourcing Journal
ShipBob & Returnly Speed Up Returns Processing To Enable Faster Shopper Refunds

ShipBob & Returnly Speed Up Returns Processing To Enable Faster Shopper Refunds

PointofSale.Com

June 5, 2018

ShipBob announced a partnership today with Returnly.com, a leading post-purchase technology provider for online retailers to help expedite online returns and refunds. The integration between ShipBob and Returnly will allow online store owners to seamlessly connect their platforms, sync their return merchandise authorization data, and automatically process returns and refunds from their ShipBob dashboard, making refunds painless for shoppers and merchants alike.   

Read more on PointofSale.Com
ShipBob Announces Order Fulfillment Partnership and Platform Integration with Squarespace

ShipBob Announces Order Fulfillment Partnership and Platform Integration with Squarespace

MarketWatch

May 16, 2018

ShipBob is now integrated with Squarespace as the first third-party logistics partner to automate order fulfillment for Squarespace Online Stores. The seamless integration between ShipBob's technology and Squarespace's platform allows online store owners to easily connect their store, sync inventory and orders, and manage shipments from ShipBob's powerful dashboard.

Read more on MarketWatch
7 startups keeping Chicago on the cutting edge of e-commerce

7 startups keeping Chicago on the cutting edge of e-commerce

Built In Chicago

May 9, 2018

Unlike the other companies on this list, ShipBob does not actually sell products online. Instead, it provides logistical support for companies that do. Last year, the startup raised a $17.5 million Series B round to expand its business of managing inventories and bringing physical products into the hands of e-commerce customers, allowing early-stage startups to focus on other things, like marketing and developing new products.

Read more on Built In Chicago
How Smaller Merchants Can Get Amazon-Style Logistics

How Smaller Merchants Can Get Amazon-Style Logistics

PYMNTS

April 12, 2018

Gulati helped build ShipBob, which provides merchants with Amazon-style logistics. An end-to-end fulfillment solution, the company provides warehousing for customers and package delivery in one to two business days, along with additional software features that help merchants manage their inventory. To reach merchants, ShipBob integrates with platforms sellers already use.

Read more on PYMNTS
Why 2017 Was Incredible For Chicago Exits And Investments

Why 2017 Was Incredible For Chicago Exits And Investments

Forbes

March 29, 2018

According to a new report, Chicago continues to be the nation’s leader in investor returns in the US. Though its challenging to predict where emerging and dominant players in the Chicago tech ecosystem will go over time, we are watching companies funded in 2017 like ShipBob (which my firm Hyde Park Angels invested in) for positive outcomes.

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How ShipBob Became One of Chicago’s Hottest Logistics Startups

How ShipBob Became One of Chicago’s Hottest Logistics Startups

Chicago Inno

March 26, 2018

Before ShipBob got into Y Combinator, raised more than $22 million in funding, expanded its logistics business to five warehouses across the US, and became one of Chicago’s hottest startups, it began as a couple of guys stopping people outside the post office. Now, as ShipBob continues its fast-paced growth, the startup’s founders say they’re not only building the foundation of a great business for themselves, but also helping others grow their companies more efficiently.

Read more on Chicago Inno
5 Chicago VCs predict 2018’s top funding trends

5 Chicago VCs predict 2018’s top funding trends

VentureBeat

December 19, 2017

The third industry the VCs said might shine in 2018 is logistics. Ira Weiss, cofounder and general partner at Hyde Park Venture Partners and a clinical professor of accounting and entrepreneurship at the University of Chicago’s Booth School of Business, said logistics startups could prosper in 2018 because there’s already some momentum in the space, and he pointed to local companies like FourKites, ShipBob, and Project44.

Read more on VentureBeat
Here’s What to Expect from Chicago Tech in 2018

Here’s What to Expect from Chicago Tech in 2018

Chicago Inno

December 18, 2017

The third industry that VCs said might shine in 2018 is logistics. Ira Weiss, co-founder and general partner at Hyde Park Venture Partners and a clinical professor of accounting and entrepreneurship at the University of Chicago’s Booth School of Business, said logistics startups could prosper in 2018 because there’s already some momentum in the space, pointing to local companies like FourKites, Shipbob and Project44.

Read more on Chicago Inno
5 Midwest Industry Trends That Will Shape VC Investing in 2018

5 Midwest Industry Trends That Will Shape VC Investing in 2018

Forbes

November 21, 2017

Logistics has seen a surge in high-growth companies in the Midwest. With bigger players like Echo Global Logistics and Coyote Logistics establishing the Midwest as a logistics hub, companies like Project44, Logiwa, and FourKites and ShipBob (which my venture firm invested in) have been able to attract investment from major Midwest and national investors while gaining market traction and early adoption quickly.

Read more on Forbes
Robots — once thought to be a killer of e-commerce jobs — may actually be saving them

Robots — once thought to be a killer of e-commerce jobs — may actually be saving them

Dallas News

November 10, 2017

Chicago-based ShipBob this month opened a 57,000-square-foot fulfillment center in Grapevine that processes online orders for about 1,200 e-commerce companies, many of them mom-and-pop independent sellers on Amazon and Wal-Mart's third party marketplaces.

Read more on Dallas News
5 Startups That Will Hugely Impact Holiday Shopping (You've Probably Never Heard Of)

5 Startups That Will Hugely Impact Holiday Shopping (You've Probably Never Heard Of)

Forbes

October 30, 2017

ShipBob makes fulfilling e-commerce simple, automatically managing and fulfilling orders placed through retailers’ online stores. They enable the ability to provide two-day shipping, which can mirror the fulfillment strength and power that top retailers provide -- regardless of your size, too.

Read more on Forbes
Why Top VCs Are Betting Big On Chicago

Why Top VCs Are Betting Big On Chicago

Forbes

September 29, 2017

Another area of strength for Chicago is the logistics industry, which has given rise to major startup players like ShipBob (HPA investment) and FourKites (HPA investment) that raised rounds from Bain Capital Ventures, and Project44 from Emergence Capital.

Read more on Forbes
The Big Problem With Shipping Clothes to Small Towns

The Big Problem With Shipping Clothes to Small Towns

Racked

September 26, 2017

One alternative approach is to place fulfillment centers close to where most of one’s customers are (which, of course, tends to be the more populous cities). ShipBob, a logistics startup that works with small businesses, stores inventory in four warehouses — Chicago, New York, Los Angeles, and San Francisco — and works with local carriers in addition to the major shipping companies, allowing it to reach many customers same-day or next-day.

Read more on Racked
Two startup guys who are taking on Amazon

Two startup guys who are taking on Amazon

Crain’s Chicago Business

September 14, 2017

Dhruv Saxena and Divey Gulati spent a lot of time standing in line at the Willis Tower post office in 2013. Boyhood friends fresh out of grad school, the two had launched a side project called SnailMailPics that mailed printed copies of cellphone photos that customers ordered via text message. Technology made the whole operation simple, except for that last step at the post office.

Read more on Crain’s Chicago Business
E-commerce logistics startup raises $17.5 million

E-commerce logistics startup raises $17.5 million

Business Insider

June 14, 2017

It’s likely the logistics industry will be disrupted by more startups like ShipBob, as demand for free and fast shipping heightens. Large logistics companies have traditionally geared their services toward large retailers, providing them with added services and the aforementioned volume shipping discounts.

Read more on Business Insider
Warehouse Startup ShipBob Raises $17.5 Million Amid Expansion Push

Warehouse Startup ShipBob Raises $17.5 Million Amid Expansion Push

Wall Street Journal

July 13, 2017

ShipBob operates warehouses near city centers, which it says allows it to offer affordable same-day and next-day shipping to online retailers. The company caters mainly to startups and other smaller e-commerce ventures that don’t have the funding to build their own nationwide distribution networks.

Read more on Wall Street Journal
ShipBob gets $17.5 million from Bain, others

ShipBob gets $17.5 million from Bain, others

Crain’s Chicago Business

June 13, 2017

ShipBob doesn’t do the actual delivery. That’s done by shippers such as FedEx and UPS. But it does handle packaging and warehousing of products for customers. It’s moved into the software business, providing supply-chain technology to customers, rather than just physical order fulfillment, which the company hopes will protect it from being run over by Amazon’s contract-fulfillment business.

Read more on Crain’s Chicago Business
ShipBob raises $17.5 million to help small businesses ship stuff faster

ShipBob raises $17.5 million to help small businesses ship stuff faster

Chicago Tribune

July 13, 2017

Dhruv Saxena, ShipBob’s CEO and co-founder, said companies can get deliveries to customers faster if they’re shipping from small regional warehouses, rather than one central hub. He said companies can, in some cases, get orders to customers same-day or next-day.

That can be a major factor for the e-commerce businesses ShipBob serves, which range from 150 orders a month to more than 10,000 a day

Read more on Chicago Tribune
ShipBob raises $17.5 million to help ecommerce businesses with shipping and logistics

ShipBob raises $17.5 million to help ecommerce businesses with shipping and logistics

VentureBeat

June 13, 2017

For businesses selling across multiple sales channels — like Amazon, Shopify, and eBay — ShipBob acts as an omni-channel order management tool that lets them have visibility across all channels using only one service

Read more on VentureBeat
Amazon’s Free Shipping Pushes Small Retailers, Delivery Firms to Compete

Amazon’s Free Shipping Pushes Small Retailers, Delivery Firms to Compete

Wall Street Journal

April 8, 2017

Just north of Brooklyn’s Sunset Park neighborhood, ShipBob, which opened its first warehouse less than two years ago, stores merchandise from over 300 retailers in rows of neatly stacked white plastic bins. Workers walk the aisles, plucking out jars of artisanal mustard and organic conditioner, which they hand off to packers who prep the items for shipping.

Read more on Wall Street Journal
ShipBob raises $4 million to help small retailers ship goods like Amazon Prime

ShipBob raises $4 million to help small retailers ship goods like Amazon Prime

TechCrunch

June 16, 2016

A Chicago-based startup called ShipBob has raised $4 million in Series A funding to help small businesses and sole proprietors with an outsourced packaging and shipping service. Hyde Park Venture Partners led the round.

Read more on TechCrunch
ShipBob lands $4 million, led by Hyde Park Venture Partners

ShipBob lands $4 million, led by Hyde Park Venture Partners

Crain's Chicago Business

June 16, 2016

ShipBob, a shipping provider for small e-commerce companies, has raised another $4 million. The company arranges packing and shipping for small companies that sell on various online platforms…

Read more on Crain's Chicago Business
ShipBob finds a place serving crowdfunding success stories

ShipBob finds a place serving crowdfunding success stories

Chicago Tribune

May 2, 2016

Many of these people have no experience with logistics or shipping,” said Anthony Watson, ShipBob’s head of business development. “It’s really easy, on their end, to create a campaign or open up a website, but when they get to the point of actually selling their products and figuring how to get it to their consumer, there’s really no turnkey solution for those founders and small businesses.

Read more on Chicago Tribune