$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

Image by Credit Commerce from Pixabay

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."

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