Tiger Global Leads $250M Series E Financing of Deliverr
Gunderson Dettmer represented client Tiger Global as it led the $250 million Series E financing of Deliverr, an e-commerce and fulfillment technology platform. Deliverr uses predictive analytics to anticipate demand for products. The new capital will be used to accelerate commercial operations and expand Deliverr’s next-day fulfillment services.
In the announcement of the transaction, co-founder and CEO of Deliverr Harish Abbott said, “The most effective way to address supply chain congestion is to move inventory closer to the end customer. Deliverr is the only company working to solve this problem through stronger inventory placement while leveraging cutting-edge machine learning and optimization technology to build a smarter fulfillment network. With this new capital, Deliverr will focus on scaling next-day fulfillment for e-commerce merchants and grow our world-class team of engineers, data scientists, and operations experts.”
The Gunderson deal team was led by Steve Baglio and Mark Oblad and included Brian Snyder, Anand Mehta, Eli Heller, Khalil Nobles, and Jeff Adler.