Popout, Inc. Secures $30 Million USD in a Series C Funding Round


(San Francisco, CA) Popout, Inc. d.b.a. Shippo or Goshippo.com, is a computer software technology business.  For the most part, it specializes in business to business services.  For example and currently, it focuses on e-commerce businesses.  The desired e-commerce businesses are online marketplaces, and, platforms.  The service is software integration with multiple carriers; through, its proprietary application programming interface (A.P.I.), and, a proprietary web application.  The purpose is to give businesses the ability to compare shipping rates, create shipping labels, generate international customs documents, return labels and track parcels.  Recently, Popout, Inc. d.b.a. Shippo announced that, it makes shipping a package easy.  Specifically, the aforementioned business revealed that, it has secured $30 million USD in a Series C funding round.  As part of the funding round, Catherine Stewart will be joining Shippo.  Additionally, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Bessemer Venture Partners, Union Square Ventures, Uncork Capital and Version One.  Currently, this business reports that, it has $59 million USD in total funds.  The most noteworthy new investor of Shippo is D1 Capital Partners. 
            D1 Capital Partners, as the most noteworthy new investor, will be contributing funds.  The funds will be used for the following one thing.  The one thing is expanding Shippo’s network.  In reference to, expanding Shippo’s network, the aforementioned is based on the value of the e-commerce marketplace.  The latter, is estimated at $3.5 trillion USD.  Fascinatingly, it is expected to double, by the year 2023.  Second, it is predicted that, e-commerce only makes up about 15% of the total retail spending.  Therefore, Shippo is right there and in the middle, with its e-commerce technology stack. 
            However and returning to; Shippo, the aforementioned business counts, the following businesses as customers.  eBay, Freestyle Solutions, Tuft & Needle, Weebly, Go Daddy, Shyp, Mercari, Stripe, Sellbrite, Snapfulfil, Shopify, Wix, Square and Amazon are only 14 of Shippo’s customers.  Interestingly, Shippo was launched in the year, 2013.  Currently, Shippo reports that, it provides services for more than 35,000 businesses.  The work, primarily, is conducted through Shippo’s network.  The latter, is a platform that provides access to more than 58 carriers.  The goal of Shippo’s network, is helping business clients navigate through, the complexities that are inherent in shipping.  It is reported that, to this date, Shippo has helped ship more than 150 million packages. 
            Returning to; Catherine Stewart, the aforementioned person and as previously said, is now onboard at Shippo.  Her job title position is, Chief Operating Officer.  Before joining Shippo, she held the job title position; Chief Business Officer at Automattic.  The latter, owns Wordpress.com.  Whilst at Automattic; she oversaw the business’s go to market functions, the marketing, the inside sales, the business partnerships and the corporate development.  Catherine Stewart did release a press statement.  Through a press statement, Ms./Mrs. Stewart said the following.  “Over the last few years, e-commerce has continued to grow rapidly.  The accessibility of store platforms, payment processing, and digital marketing has made it easier than ever for brands and entrepreneurs to build a successful business online.”  Catherine Stewart also said.  “Shipping has been slower to adapt, though, with cumbersome and often outdated technology.  For many small and mid-sized businesses, shipping goods to customers is still expensive and time-consuming.  Shippo’s ability to solve these challenges for both small businesses and large brands positions it well for future growth.  I am delighted to join Shippo and help realize its goal of transforming shipping.”
            To end, Popout, Inc. d.b.a. Shippo did release a press statement.  Laura Behrens Wu is a Co-Founder and the Chief Executive Officer of Popout, Inc. d.b.a. Shippo.  Through a press statement, Ms./Mrs. Behrens Wu said the following.  “Shipping shouldn’t be seen as a cost center, it’s a growth engine.  When used properly, shipping is a tool for businesses to gain consumer confidence, increase conversions, and drive repeat buying by building loyalty.  Except, many of these benefits have historically been reserved for the savviest and most resource-rich businesses.”  Laura Behrens Wu also said.  “Shippo is changing that dynamic.  We’re making shipping an order as easy as sending a text message.  Merchants will no longer stress over the right carriers to use, shipping options to show their customers, or labels to purchase.  They trust Shippo to optimize for their growth.”  As previously stated, Popout, Inc. d.b.a. Shippo recently announced that, it makes shipping a package easy.  Specifically, the aforementioned business revealed that, it has secured $30 million USD in a Series C funding round.  As part of the funding round, Catherine Stewart will be joining Shippo.  Additionally, current investors decided to double down on their bet.  The current investors who doubled down on their bet are Bessemer Venture Partners, Union Square Ventures, Uncork Capital and Version One.  Currently, this business reports that, it has $59 million USD in total funds.  Lastly, the most noteworthy new investor of Shippo is D1 Capital Partners. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
04/10/2020


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