# Passport Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/passport-global

- Industry: Logistics & Distribution
- Headquarters: Palo Alto, US
- Website: www.passportshipping.com
- Total disclosed funding: $50M
- Latest round: Series B (Oct 8, 2021)
- Investors on record: 12

## About

Passport Global, Inc. specializes in providing international shipping and compliance solutions, assisting Direct-to-Consumer brands and online marketplaces in navigating cross-border e-commerce efficiently.Founded in 2017 in Palo Alto, US, Passport Global, Inc. offers solutions tailored for cross-border e-commerce. The company has executed three deals, with the most recent being a Series B funding round on October 8, 2021, which raised USD 34.59 mn, led by TCV with participation from several other investors. Alex Yancher is both the CEO and founder of the company, having a strong background in the shipping industry. The company has not reported any significant operational pivots or subsidiary relationships.Passport Global provides a comprehensive suite of international shipping and compliance solutions, specifically designed for Direct-to-Consumer brands and online marketplaces. Their core offerings include localized storefront optimization, regional pricing strategies, and cross-border logistics that serve over 180 countries. The company caters to various stages of business growth, allowing clients like Tommy John and SwimOutlet.com to effectively manage their international expansion while addressing the complexities of global trade and compliance.Passport Global generates revenue through a mix of subscription and transactional models aimed primarily at B2B clients, including retailers and e-commerce platforms. Their pricing plans cover flagship services such as Delivered Duty Paid (DDP) and Delivered Duty Unpaid (DDU) shipping options, alongside compliance and logistics services. Clients incur costs based on their shipping volume and specific needs, supported by partnerships with third-party logistics providers for streamlined operations.In October 2021, Passport Global, Inc. secured USD 34.59 mn in Series B funding, primarily aimed at enhancing their software-based infrastructure and expanding post-acquisition of Access Worldwide. The company plans to innovate new products tailored for international shipping and compliance, while also targeting growth into additional geographic regions. This strategic funding will be directed toward improving operational capabilities and expanding service offerings in new markets.

## Funding rounds

- Series B, Oct 8, 2021, $35M — TCV, Resolute Ventures, RiverPark Advisors, Flexport, Inc., FJ Labs, M13, Pure Imagination Brands
- Series A, Apr 15, 2020, $12M — Kleiner Perkins, Resolute Ventures, RiverPark Advisors, Precursor Ventures, M13, Supernode Ventures, Chaifetz Group, Republic Capital
- Seed, Oct 16, 2018, $3M — Resolute Ventures, Precursor Ventures

## Investors

- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed, Series A, Series B
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed, Series A
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Series A, Series B
- M13 (https://capitalatlas.ai/funds/m13) — Series A, Series B
- Supernode Ventures (https://capitalatlas.ai/funds/supernode-ventures) — Series A
- Chaifetz Group (https://capitalatlas.ai/funds/chaifetz-group) — Series A
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Series A
- TCV (https://capitalatlas.ai/funds/tcv) — Series B
- Flexport, Inc. — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- Pure Imagination Brands (https://capitalatlas.ai/funds/pure-imagination-brands) — Series B