Funding

Shipt, A tempCFO Client, Raises $20M & Innovates Alabama Startup Scene

August 09, 2016

Two-year-old startup Shipt, a fresh food delivery service based in Birmingham, Alabama, has scaled up and taken off in the startup world, in Birmingham and beyond. Shipt now serves twenty-seven cities in nine states, mostly in the Southeast part of the United States: Alabama, Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas, Arizona, and Ohio. The startup provides same-day grocery shopping and delivery services, rivaling its multi-billion dollar San Francisco competitor Instacart.

Shipt announced on July 26 that it has raised $20.1 million in Series A financing. The funders include Greycroft Partners, e.ventures, and its seed funders Harbert Growth Partners. The funding will be used to continue to reach new regional markets and new grocery store partnerships.

To stay updated on Shipt, read their blog or follow them on Twitter.

Category: Funding