ShipBob operates warehouses near city centers, which it says allows it to offer affordable same-day and next-day shipping to online retailers. Photo: Brian HarkinWarehouse startup ShipBob raised $17.5 million in a funding round led by Bain Capital Ventures, which will allow the company to open e-commerce distribution centers in more cities, the company said Tuesday. ShipBob operates warehouses near city centers, which it says allows it to offer affordable same-day and next-day shipping to online retailers. Following its Series B funding round, ShipBob plans to expand to three more cities. Bain will gain a board seat with the funding round, which also includes participation from Hyde Park Venture Partners, FundersClub, Hyde Park Angels and FJ Labs LLC.

Source: Wall Street Journal June 13, 2017 11:26 UTC