Tech startup cuts costs and simplifies global freight shipping for importers and exporters
LOS ANGELES - Shippabo, a leading cloud-based international supply chain platform for importers, announced today it has secured $1.8 million in private funding from Wonder Ventures, TenOneTen Ventures, Double M Partners, Slow Ventures, angel investor Joanne Wilson and others. Wilson and Dustin Rosen of Wonder Ventures joined Shippabo’s board of directors.
“The ports of Los Angeles and Long Beach are the country’s busiest and serve as the gateways to the U.S. from Asia,” said Shippabo CEO Nina Luu. “Headquartered in Los Angeles, Shippabo is at the center of the action for shippers using these shipping lanes. It is the most promising company providing a total international supply chain management system.”
As the co-founder of IGH, Luu was an importer herself, supplying major retailers like Costco, Saks Fifth Avenue and several others. She started Shippabo out of her own need for a user-friendly, automated supply chain management system that offered better visibility to avoid costly penalties for missing deadlines.
“Small and midsize shippers are in most need of a system like ours. As their businesses grow beyond 100 containers, they struggle to keep track of shipment bookings and statuses,” Luu said. “Shippabo lets them book shipments as soon as they place their purchase orders. In solving IGH’s logistics and supply chain problems, Shippabo has helped many other businesses such as Loot Crate and Technicolor overcome the same obstacles.”