What does Portless do?
Portless offers a global e-commerce and DTC fulfillment platform that helps brands overcome traditional supply chain inefficiencies by allowing them to purchase only the inventory they need and ship products directly to customers worldwide with a domestic-like shipping experience.
How much did they raise?
The company raised $18M in a funding round led by Commerce Ventures, with additional participation from eGateway Capital, Ground Up Ventures, and FJ Labs.
What are their plans for the money?
Portless intends to use the funds to expand its operations, build out its global fulfillment network to additional hubs, and further develop its innovative platform, potentially enabling brands to scale more efficiently and reduce overall costs.
What have they achieved so far?
The company has already demonstrated its capabilities by establishing a state-of-the-art fulfillment center in Shenzhen and launching its U.S. headquarters, empowering hundreds of founders to streamline operations and scale their businesses globally.
