# Shipsi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shipsi

- Industry: Software
- Headquarters: Venice, US
- Website: www.shipsi.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Nov 28, 2018)
- Investors on record: 4

## About

Shipsi, Inc. is a logistics and delivery company that provides a technology-driven platform to enhance e-commerce operations with reliable delivery solutions, ensuring customer satisfaction through real-time tracking and efficient services.Founded in 2016, Shipsi, Inc. is headquartered in Venice, US, and specializes in logistics and delivery for e-commerce. The firm has completed two deals to date, with the most recent funding round occurring on November 28, 2018, when it raised USD 1.90 mn in Seed funding from investors including Halogen Ventures and Initial Capital. The company was established by Chelsie Lee, who serves as the CEO.Shipsi primarily offers a comprehensive logistics and delivery solution designed to enhance the e-commerce experience for businesses and their customers. Their core product is a technology-driven platform that provides instant delivery services ranging from 30 minutes to up to three days, ensuring high reliability with over 99% on-time delivery rates. Shipsi serves a diverse clientele, including retailers across various sectors such as luxury apparel, beauty products, and niche e-commerce brands, facilitating seamless fulfillment and enhancing customer satisfaction through features like real-time tracking and instant returns. The company’s services are currently available in over 5,000 cities globally, targeting markets with high demand for fast and efficient delivery solutions. By transforming the fulfillment process into a revenue-driving component for businesses, Shipsi aims to cater to the needs of both retailers looking to improve their logistics and end-users seeking reliable and swift delivery options.Shipsi generates revenue through a model that includes partnerships with retailers, integrating their logistics solutions into clients' e-commerce operations. The firm’s service offerings include expedited shipping options, making it a vital resource for businesses looking to enhance their delivery capabilities without the overhead of maintaining their own warehouses. Pricing structures favor both B2B and direct-to-consumer transactions, with plans that cater to specific shipping needs, especially during peak seasons or holidays. With flagship services that promise improvements in order value and customer retention, Shipsi capitalizes on the increasing demand for efficient logistics solutions, providing clients with value-added services that facilitate higher sales and repeat purchases.Shipsi, Inc. intends to leverage its recent Seed funding of USD 1.90 mn raised in November 2018 to support future growth. The company is focused on expanding its services into new markets, particularly targeting urban areas in the US and Europe by the end of 2024. Additionally, Shipsi is planning to enhance its platform by introducing new features aimed at improving customer engagement and streamlining logistics processes.

## Funding rounds

- Seed, Nov 28, 2018, $1.9M — Precursor Ventures, Halogen, Stage Venture Partners, Initial Capital

## Investors

- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- Halogen (https://capitalatlas.ai/funds/halogen) — Seed
- Stage Venture Partners (https://capitalatlas.ai/funds/stage-venture-partners) — Seed
- Initial Capital — Seed