Shipday Secures $7 Million Series A to Enhance AI-Driven Delivery Solutions for SMBs

In a significant move for the logistics sector, Shipday, a global technology platform specializing in delivery services for small and medium-sized businesses (SMBs), announced the successful completion of its Series A funding round, raising $7 million. The round was co-led by ECP Growth, a prominent investment firm known for supporting consumer-focused technologies, and Ibex Investors, a venture capital firm with a keen focus on mobility and logistics. The additional participation from firms like B Capital and Supply Chain Ventures brings Shipday's total funding to over $10 million, including prior seed funding achieved in 2023.

Founded to empower SMBs, especially in the restaurant and retail sectors, Shipday offers a cutting-edge platform that helps merchants manage their delivery orders efficiently while optimizing profitability and enhancing customer loyalty. The recent influx of capital will enable Shipday to expand its platform features, invest in AI-driven automations, and increase its geographical footprint, streamlining access to delivery solutions for diverse businesses across the globe.

A highlight of this funding round is the introduction of AgentFlow, an AI-powered automation engine that acts as a self-driving system intended for local deliveries. This innovative solution harnesses intelligent agents to refine dispatch processes, improve customer support, and bolster marketing efforts, ultimately allowing small businesses to operate more efficiently and scale their operations effectively.

Shipday has seen remarkable growth since its initial seed funding in 2023, now serving over 5,000 businesses across more than 100 countries and supporting operations in 30 different languages. Moin Islam, the Co-Founder and CEO of Shipday, expressed his enthusiasm, stating that this milestone marks a pivotal moment for the company as it seeks to address the delivery logistics challenges faced by SMBs. He emphasized the importance of working with partners like ECP Growth and Ibex, who understand the operational landscape and share the vision of scalable logistics technology.

Jeff Emmons, Director at ECP Growth, highlighted the alignment between Shipday's mission and the investment approach of ECP, which focuses on creating sustainable value for businesses amidst a rapidly digitalizing marketplace. He expressed excitement about the potential impact of Shipday's AI-enabled platform in driving efficiency and resource optimization for SMBs.

Jeff Peters, Partner at Ibex Investors, further emphasized the significance of providing SMBs with robust tools to thrive in the competitive landscape of last-mile delivery, especially as consumer expectations continue to climb following the sector's explosive growth. The collaboration between Shipday and its investors aims to redefine the parameters of logistics, facilitating greater accessibility and efficiency for last-mile services.

As it moves forward, Shipday's goals include not only enhancing its existing platform functionalities but also ensuring flexibility and scalability for businesses of all sizes. This will allow larger franchise brands to leverage its capabilities alongside SMBs, ultimately fostering a more inclusive logistical ecosystem.

To learn more about Shipday and its innovative solutions, visit www.shipday.com.

Conclusion

The funding secured by Shipday is not just a stepping stone for the company's growth but also a vital contribution to empowering SMBs navigating the complexities of modern delivery logistics. As the industry evolves, the focus on adapting technology to meet the needs of businesses will remain crucial, and Shipday is poised to lead the charge with innovative, AI-driven solutions.