US eCommerce grew 32% in 2020, fueling demand for digital shopping know-how and logistics expertise. ShipHero is one of a number of companies trying to meet that demand by outsourcing eComm fulfillment and warehouse management for brands.
ShipHero’s cofounder and CEO Aaron Rubin told Retail Brew that revenue more than quadrupled YoY to $22 million in 2020, up from $5 million in 2019. The company also shipped $5 billion in orders last year, up from $1.7 billion the year before. Rubin said most of this came from growth among existing customers, not new ones.
The company offers two primary services to brands: 1) cloud-based software that helps brands run warehouse operations and 2) a fulfillment service that ships eCommerce orders around the country from its warehouses.
ShipHero hopes to ride the e-comm wave to close its first-ever funding round, with a $50 million goal, Rubin told Retail Brew.