[ Shipt raises $40M in Series B ]

Shipt has raised $40 million in Series B funding.

Founded in 2014, Shipt is an online grocery delivery service that partners with grocery retailers and a community of Shoppers for in-home delivery. Customers must become members to place an order on Shipt, paying $99 per year for free delivery on orders over $35.

The new  financing will help the app-based grocery delivery company expand the capabilities and effectiveness of Shipt, which has grown rapidly since its launch in 2014. The fresh money will also allow Shipt to forge more partnerships with grocery stores, retailers and others – including possible deals with consumer packaged goods companies.

Funding  Series B
Founded  2014
Country  USA
City  Birmingham, Alabama
Founder / CEO  Bill Smith
Deal Size  $40M
Investors  Greycroft Partners
 Harbert Venture Partners
 e.ventures
Previous Investors  Harbert Growth Partners
 Greycroft Partners
 e.ventures