Predict your next investment

Shippabo company logo
INTERNET | Internet Software & Services / Supply Chain & Logistics
shippabo.com

See what CB Insights has to offer

Founded Year

2015

Stage

Line of Credit | Alive

Total Raised

$13.9M

Last Raised

$10M | 3 mos ago

About Shippabo

Shippabo is a developer of software used to help importers manage freight and shipping, including comparing quotes from freight forwarders, filing government paperwork, and other related functions.

Shippabo Headquarter Location

555 W 5th St 6F

Los Angeles, California, 90013,

United States

Latest Shippabo News

Bridge Bank Issues $10 Million Asset-based Line Of Credit To Shippabo

Oct 28, 2021

Bridge Bank Issues $10 Million Asset-based Line Of Credit To Shippabo SAN JOSE, Calif., Oct. SAN JOSE, Calif., Oct. 28, 2021 /PRNewswire/ -- Bridge Bank today announced that its Capital Finance Group has issued a $10 million asset-based line of credit to Shippabo, a cloud-based supply chain-management platform serving the shipping and logistics industries. Shippabo, based in Los Angeles, will use the asset-based line of credit to support working capital needs and finance its growth. Shippabo is a logistics technology company that has developed an online freight management application that helps import and export companies control their shipping process. It partners with domestic and overseas logistics companies such as carriers, freight forwarders, customs clearing operators, freight warehouses and trucking and drayage companies. The company's clients include QVC, Cornerstone Brands, Golf Gift Gallery and JR286. "Bridge Bank is pleased to support a wide range of tech and innovation companies nationwide with customized financing and banking solutions," said Roger Klarmann, senior vice president at Bridge Bank. "Shippabo is precisely the kind of innovative company Bridge Bank takes pride in working with." "We are proud to work with such a knowledgeable team of bankers at Bridge Bank," said Nina Luu, chief executive officer at Shippabo. "Their expertise in working with growing innovative companies like ours provides us with an additional level of confidence." The Capital Finance Group at Bridge Bank offers a range of asset-based and factoring solutions, including accounts receivable, inventory and invoice financing, to provide lines of credit and working capital. The group's expertise supports companies in manufacturing, professional services, retail, technology and more that are experiencing unusual market conditions that might hamper their ability to adhere to traditional covenants and credit structures. About Bridge BankBridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small- to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions including capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country along with Western Alliance Bank's powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $50 billion in assets. Western Alliance is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes "Best Banks in America" list year after year. For more information, visit bridgebank.com. View original content to download multimedia: https://www.prnewswire.com/news-releases/bridge-bank-issues-10-million-asset-based-line-of-credit-to-shippabo-301410753.html SOURCE Bridge Bank

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Shippabo

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Shippabo in 1 CB Insights research brief, most recently on Nov 16, 2021.

Expert Collections containing Shippabo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Shippabo is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,011 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

A

Auto & Mobility Tech

413 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

Shippabo Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Shippabo Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.