Shipwire Receives Capital Injection From eBay and Newell Rubbermaid

Shipwire today announced a capital investment from new investors eBay EBAY and Newell Rubbermaid NWL, and joined by existing investor Meakem Becker Venture Capital. This new investment follows significant momentum in small and mid-market adoption of Shipwire outsourced shipping and SaaS order management software. eBay and Newell Rubbermaid have invested in Shipwire, to give businesses the tools to lower their shipping costs and scale their businesses, so that they can be competitive in today's e-commerce market. This funding will support the expansion of the Shipwire global warehouse network into new countries, and accelerate the enterprise feature development of the Store-Sell-Ship™ cloud logistics platform. Merchants using Shipwire will benefit from nearly 100 years of combined e-commerce and shipping market experience, being added to the Shipwire boardroom. eBay will be represented by Jean-Francois Van Kerckhove, Vice President and Head of Corporate Strategy at eBay. Newell Rubbermaid will be represented by Amine Khechfe, the founder and general manager of DYMO Endicia, the leading provider of shipping and mailing postage technology solutions, with more than $6 billion in postage printed. The former president of FedEx Ground, Ivan Hoffman, will also join the Shipwire board. "Shipwire built a logistics technology platform, that gives any seller access to storage and shipping tools in domestic and international markets, previously only available to the largest merchants," said Mr. Van Kerckhove. "Shipwire's innovative fulfillment solutions will be a boost to growing merchants, as they seek new ways to meet the shipping and customer service needs of buyers."