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ShipBob joins the unicorn club with $1B valuation

ShipBob CEO Dhruv Saxena and president Divey Gulati (ShipBob) ShipBob, a logistics company that provides shipping and delivery services for e-commerce companies, raised another $200 million in funding, taking the company to virtual unicorn status. The Chicago-based firm raised the money in a rare Series E round led by Bain Capital Venture, which has been investing in the 7-year-old business since 2017. Softbank, Menlo Ventures, Hyde Park Venture Partners, Hyde Park Angels and Silicon Valley Bank also participated in the round that pushed ShipBob’s valuation to $1 billion. The funding comes only nine months after ShipBob – which means “Bends Over Backward for SHIPping” – secured $68 million in a Series D round led by Softbank’s Vision Fund 2. All rounds have raised $330.5 million, the company said.

ZeroAvia Expands its Hydrogen-Electric Aviation Program to 19-Seat Aircraft and Raises Additional $13 Million in Funding for Large Engine Development

ZeroAvia Expands its Hydrogen-Electric Aviation Program to 19-Seat Aircraft and Raises Additional $13 Million in Funding for Large Engine Development SYSTEMIQ, and Horizons Ventures. This new funding complements the initial investment of $24 million the company announced a few weeks ago, bringing the total private investment into ZeroAvia large engine development for 50+ seat aircraft to $37 million. We are eager and ready to begin testing our hydrogen-electric powertrain technology on a larger commercial-size aircraft and grateful to our investors and grant funders for their continued support of our vision for sustainable aviation, said Val Miftakhov, Founder and CEO at ZeroAvia. Various projections indicate that aviation may account for over 25 percent of human-induced climate effects by 2050. We are on the path to helping reverse that trend, first with our successful 6-seater testing and now with the R&D for our 19-seater, and the kick-off of our 50+ seat program. Hydrogen

ZeroAvia Expands to 19-Seat Aircraft and Raises Additional $

ZeroAvia Expands to 19-Seat Aircraft and Raises Additional $
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