Shipt, A tempCFO Client, Raises $20M & Innovates Alabama Startup Scene
Two-year-old startup Shipt, a fresh food delivery service based in Birmingham, Alabama, has scaled up and taken off in the startup world, in Birmingham and beyond. Shipt now serves twenty-seven cities in nine states, mostly in the Southeast part of the United States: Alabama, Georgia, Florida, North Carolina, South Carolina, Tennessee, Texas, Arizona, and Ohio. The startup provides same-day grocery shopping and delivery services, rivaling its multi-billion dollar San Francisco competitor Instacart.
Shipt announced on July 26 that it has raised $20.1 million in Series A financing. The funders include Greycroft Partners, e.ventures, and its seed funders Harbert Growth Partners. The funding will be used to continue to reach new regional markets and new grocery store partnerships.