GLP helped the e-commerce logistics provider raise series E funding that will support the expansion of its commercial operations and next-day fulfilment service.
US-based e-commerce fulfilment service Deliverr secured $250m yesterday in a series E round featuring logistics, real estate and investment management firm GLP at a $2bn valuation.
The round was led by Tiger Global Management and also backed by fellow investment firm Activant, venture capital firm 8VC, investment manager Coatue Management and Brookfield Technology Partners, the VC arm of alternative asset manager Brookfield Asset Management.
Deliverr provides logistics and fulfilment services for online merchants on e-commerce and social media platforms including Shopify, Walmart, Amazon, eBay and Target.
The company plans to use the capital to accelerate the development of its commercial operations and expand its next-day fulfilment service to e-commerce merchants of all sizes across the US.
Deliverr had received $170m in series D equity and debt financing in March 2021. Coatue led the $135m equity portion of the round, participating alongside GLP, 8VC and Activant while Brookfield Technology Partners…
