# Shippit Pty.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shippit-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.shippit.com
- Total disclosed funding: $71M
- Latest round: Series B (May 3, 2022)
- Investors on record: 18

## About

Based in Sydney, Australia, and founded in 2014 by co-founders William On and Rob Hango-Zada, Shippit Pty. Ltd. operates as a logistics technology company. In October 2022, Shippit Pty. Ltd., a portfolio company of Aura Group, Aura Ventures, EVP, Global Founders Capital, Grand Prix Capital, OneVentures, Perennial Partners, Rocket Internet SE, RTL Group Investments, SecondQuarter, Tidal Ventures and Tiger Global Management, acquired Luwjistik from East Ventures, MDI Ventures, Global Founders Capital and Trihill Capital for AUD 18 million.

The company provides a delivery fulfillment platform that includes an algorithmic matchmaking service that selects the most appropriate carrier for the job. It was made to help online retailers streamline their delivery operations and communicate with customers. Its services include packing and shipping, tracking and notifying, returns, reporting, delivery services, transit protection, and carbon-neutral delivery.

The company generates revenue through its platform subscription packages, which include: Grow (USD 49/month), Unleash (USD 149/month), Empower (USD 125/month), and Enterprise (USD 749/month).

The October 2022 acquisition enables Shippit Pty. Ltd. to accelerate growth in Southeast Asia, including its enterprise customers.

## Funding rounds

- Series B, May 3, 2022, $46M — Tiger Global Management, Tidal Ventures, Perennial Partners, Greenmount Capital
- Series B, Dec 1, 2020, $18M — Tiger Global Management, OneVentures, Rocket Internet SE, Global Founders Capital, EVP, Western Venture Capital, RTL Group Investments, One Managed Investment Funds Limited, Wpac Imports Pty Ltd, Addventure Group Management Pty Ltd
- Series A, Jun 13, 2018, $1.9M — Tidal Ventures
- Series A, May 11, 2018, $1.9M — Aura Ventures, Western Venture Capital, RTL Group Investments, Australian Executor Trustees Limited, Bellite Pty. Ltd, Addventure Group Management Pty Ltd
- Series A, Apr 30, 2017, $1.6M — Aura Group, Tidal Ventures, RTL Group Investments, Australian Executor Trustees Limited, Addventure Group Management Pty Ltd
- Seed, Apr 19, 2017, $0.2M — Western Venture Capital, Bellite Pty. Ltd, Wpac Imports Pty Ltd
- Seed, Jul 15, 2015, $0.4M — Western Venture Capital, Bellite Pty. Ltd, Wpac Imports Pty Ltd
- Angel, Jan 1, 2015 — Grand Prix Capital

## Investors

- Grand Prix Capital (https://capitalatlas.ai/funds/grand-prix-capital) — Angel
- Western Venture Capital (https://capitalatlas.ai/funds/western-venture-capital) — Seed, Series A, Series B
- Bellite Pty. Ltd — Seed, Series A
- Wpac Imports Pty Ltd — Seed, Series B
- Aura Group (https://capitalatlas.ai/funds/aura-group) — Series A
- Tidal Ventures (https://capitalatlas.ai/funds/tidal-ventures) — Series A, Series B
- RTL Group Investments (https://capitalatlas.ai/funds/rtl-group-investments) — Series A, Series B
- Australian Executor Trustees Limited — Series A
- Addventure Group Management Pty Ltd — Series A, Series B
- Aura Ventures — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- OneVentures (https://capitalatlas.ai/funds/oneventures) — Series B
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series B
- EVP (https://capitalatlas.ai/funds/evp) — Series B
- One Managed Investment Funds Limited — Series B
- Perennial Partners — Series B
- Greenmount Capital (https://capitalatlas.ai/funds/greenmount-capital) — Series B