financetom
Technology
financetom
/
Technology
/
Shipday Closes $7 Million Series A, Led by ECP Growth and Ibex Investors, to Empower Small and Medium-Sized Businesses with AI-Powered Last-Mile Delivery Solutions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Shipday Closes $7 Million Series A, Led by ECP Growth and Ibex Investors, to Empower Small and Medium-Sized Businesses with AI-Powered Last-Mile Delivery Solutions
Nov 17, 2025 5:04 AM

New Funding to Accelerate Platform Growth, Support New Feature Development, and Expand Geographic Reach

MENLO PARK, Calif., Nov. 17, 2025 /PRNewswire/ -- Shipday, a global delivery and logistics technology platform serving small and medium-sized businesses ("SMBs"), today announced it has raised $7 million in Series A funding co-led by ECP Growth ("ECP"), a leading growth stage investment firm focused on products, solutions, and technologies across the consumer value chain, and Ibex Investors Mobility VC ("Ibex"), an early-stage venture capital fund focused on mobility, logistics, and manufacturing, with additional participation from B Capital and Supply Chain Ventures. The company previously raised a seed round from B Capital in 2023, bringing its total funding to over $10 million.

Designed for restaurants and other local retailers, Shipday's platform enables merchants to manage direct delivery orders efficiently while maximizing profitability and improving customer loyalty. With this new funding, Shipday will deepen its investments in new platform features and integrations, agentic AI automations, and an expanded geographic reach, furthering the company's goal to offer instant access to modern delivery automation solutions to businesses of all sizes across the globe. Among these innovations is AgentFlow, Shipday's new AI-powered automation engine that functions as a self-driving operating system for local deliveries. By leveraging intelligent agents to streamline dispatch, customer support, and marketing, AgentFlow empowers small businesses to run more efficiently and scale faster.

Since completing its seed funding round in 2023, Shipday has continued to successfully scale its platform globally with more than 5,000 businesses in over 100 countries worldwide, and the platform is available in 30 languages.

"This milestone marks a pivotal moment for Shipday as we continue to scale our platform to meet the growing needs of SMBs navigating complex delivery logistics," said Moin Islam, Co-Founder and CEO at Shipday. "We're thrilled to partner with ECP Growth and Ibex, who understand the operational challenges many SMBs face and share our vision for scalable, intuitive logistics technology. Their strategic guidance and deep sector expertise will help us accelerate innovation and reach more customers globally."

"In an increasingly digital-driven marketplace, Shipday's mission of empowering SMBs to reach more customers though scalable logistics solutions resonated deeply with ECP's investment approach," said Jeff Emmons, Director at ECP Growth. "Shipday's AI-enabled platform is purpose-built to drive efficiency, mobility, and resource efficiency and to create sustainable value for businesses as they scale. We're excited to co-lead this investment alongside Ibex, and we look forward to working closely with the Shipday team to expand the platform's impact."

"Shipday is equipping SMBs with the necessary tools to compete and win in the last-mile delivery space that has seen explosive growth and high consumer expectations. We're proud to partner with the company and ECP Growth to co-lead the Series A," said Jeff Peters, Partner at Ibex Investors and Head of Mobility VC. "We look forward to supporting Shipday as it accelerates its growth and redefines what's possible for last-mile logistics."

About Shipday

Shipday is a global delivery and logistics technology platform serving small and medium-sized businesses in over 100 countries. Shipday partners with restaurants, bakeries, grocers, flower shops, and other local merchants to streamline their local delivery logistics and enhance customer satisfaction through AI-powered delivery automation and customer engagements. In addition to serving SMBs, the platform has capabilities to power direct delivery for large, global franchise brands, providing flexibility for businesses of all sizes. For more information, please visit www.shipday.com.

About ECP Growth

ECP Growth is a growth stage investment firm that partners with entrepreneurial businesses creating products, solutions, and technologies across the consumer value chain. ECP Growth takes a thematic approach to investing in companies that sit within resilient categories and have attractive growth fundamentals, with a goal of long-term value creation. For more information, please visit www.ECPgrowth.com

About Ibex Investors

Ibex Investors is a US-based investment firm focused on distinct geographic and thematic strategies and manages a variety of private funds. Ibex is headquartered in Denver, CO, with investment professionals spread across New York, Tel-Aviv, and Silicon Valley.

The Ibex Mobility Revolution VC strategy focuses on high-conviction early-stage investments in mobility, logistics, and manufacturing startups.

More information on Ibex Investors can be found at www.ibexinvestors.com

Contacts:

Shipday

Moin Islam

[email protected]

415-770-3352

ECP Growth

Marissa Foray

[email protected]

203-321-5461

Kate Thompson / Heather Milke

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Ibex Investors

Lian Swirsky

[email protected]

+972-50-2846262

View original content to download multimedia:https://www.prnewswire.com/news-releases/shipday-closes-7-million-series-a-led-by-ecp-growth-and-ibex-investors-to-empower-small-and-medium-sized-businesses-with-ai-powered-last-mile-delivery-solutions-302617077.html

SOURCE Shipday

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: Amkr: Cutting Estimates As Global Footprint Creates Major Tariff Exposure
Research Alert: Amkr: Cutting Estimates As Global Footprint Creates Major Tariff Exposure
Apr 7, 2025
02:00 PM EDT, 04/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our price target to $13 from $19, 8.5x our 2026 EPS view, below AMKR's three-year average (~10.3x) and our prior multiple (9x) given increasing tariff-related uncertainty and our...
Forecasting The Future: 6 Analyst Projections For Navitas Semiconductor
Forecasting The Future: 6 Analyst Projections For Navitas Semiconductor
Apr 7, 2025
In the last three months, 6 analysts have published ratings on Navitas Semiconductor ( NVTS ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat...
South African lawmaker accuses minister of trying to change law for Musk's Starlink
South African lawmaker accuses minister of trying to change law for Musk's Starlink
Apr 7, 2025
By Nqobile Dludla JOHANNESBURG (Reuters) - A senior South African lawmaker on Monday accused the communications minister of seeking to erode the country's laws on local ownership to appease foreign businesses looking to work in the country, which include Elon Musk's Starlink. Last year Communications Minister Solly Malatsi said he would issue a policy directive on the recognition of equity...
Where Semtech Stands With Analysts
Where Semtech Stands With Analysts
Apr 7, 2025
Across the recent three months, 10 analysts have shared their insights on Semtech ( SMTC ) , expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish...
Copyright 2023-2025 - www.financetom.com All Rights Reserved