ShipHero

ShipHero is an American logistics technology company that develops warehouse management software (WMS). It is based in New York.

History

ShipHero was founded in 2013 by Aaron Rubin as a warehouse management system for e-commerce shippers.[1]

In May 2020, ShipHero expanded its operations to include physical fulfillment, opening its first warehouse facility. During the early stages of the COVID-19 pandemic later in 2020, its fulfillment division opened a 200,000-square-foot third-party logistics warehouse in North Las Vegas, Nevada.[2]

In 2021, ShipHero raised US$50 million in a funding round led by Riverwood Capital, resulting in a valuation of US$225 million.[1][3] In 2022, ShipHero completed five acquisitions, and expanded its footprint to 1.1 million square feet. Acquisitions included Utah-based Golden Egg Solutions, Florida-based Cargo Cove, and the Richmond Hill, Ontario-based provider Delivery Net. The acquisition of Delivery Net in May 2022 added 250,000 square feet of warehousing in the Toronto area.[4][5]

In August 2024, ShipHero separated its fulfillment business into a dedicated third-party logistics subsidiary named LVK, with Maggie Barnett appointed as chief executive officer.[6]

Operations

ShipHero is based in New York and develops warehouse management software while its subsidiary LVK manages five warehouses in the United States and two in Canada.[6]

Platform

ShipHero platform is a cloud-based warehouse management software developed for e-commerce and 3PL providers. Its main features include order and returns management, mobile-enabled pick and pack workflows, real-time carrier rate generation, and inventory reporting.[7]

References

  1. ^ a b Smythe, Christie (July 9, 2021). "How a founder dealt with a Battery Ventures brush-off and eventually landed $50 million".
  2. ^ "Geography, workforce position Southern Nevada perfectly to thrive in warehouse sector". Las Vegas Sun. November 18, 2024.
  3. ^ Hampstead, John Paul (June 24, 2021). "ShipHero raises $50M to expand e-comm fulfillment network".
  4. ^ "ShipHero Targets Greater North American Presence With Acquisition". Supply & Demand Chain Executive. May 24, 2022.
  5. ^ Markham, Yoyo Yan (June 1, 2022). "ShipHero opens first fulfillment warehouse in GTA". York Region.
  6. ^ a b Jaekel, Brielle (August 13, 2024). "ShipHero spins off fulfillment business".
  7. ^ "2023 Guide to Warehouse Management Systems". September 15, 2023.

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