$12 million secured in funding for international shipping carrier Passport
Passport has announced it has raised $12 million in Series A funding and plans to use the funds to invest in its parcel supply chain network and continue to scale operations across the board
International shipping carrier Passport has won $12 million in Series A funding. The company provides cross-border shipping and management services for merchants in e-commerce and direct-to-consumer sectors.
The company claims to have shipped nearly three million packages to countries all over the world from e-commerce and DTC brands, and claims to have helped customers grow their international shipping volume by 43% year-over-year.
CEO Alex Yancher said in a statement that "The fastest growing buyers of international shipping are now e-commerce merchants, and until now their only options were to rely on a patchwork of solutions built on top of legacy carriers that have little to no software offering. At Passport, we're able to offer them both a world-class logistics network and the software and support necessary to deliver a consistent post-purchase brand experience anywhere in the world."