Shipium Lands $2M; Aims To Offer Universal Two-Day Shipping


Shipium, a logistics startup founded by former Amazon and Zulily employees Jason Murray and Mac Brown, has raised $2 million in seed funding in a round led by PSL Ventures, according to a report by GeekWire.

Murray worked at Amazon for 20 years, as a vice president and overseeing supply chain teams. Brown worked at Amazon as well, but then later moved to Zulily, where he worked as a vice president of supply chain and fulfillment software.

Both men are experts in the field of rapid shipping, and they realized that when a company doesn’t have the clout of Amazon, it’s hard to promise customers anything when it comes to fast shipping.

That’s why Shipium promises the ability to offer two-day fulfillment for all retailers.

Murray said his target market is “anyone who is in eCommerce that isn’t Amazon.” The startup works with direct-to-consumer (DTC) companies to help with fulfillment, but it’s also working with a larger electronics company.

Murray did not give away any details about how the company actually works, however, or how it provides companies with the ability to speed up the shipping process. The company said it does “supply chain optimization and data processing as a service.”

The company provides a little more detail on its website.

“We live in a world of degrees — you don’t have to choose between expensive fast shipping or inexpensive slow shipping. A middle ground exists enabling you to provide a faster shipping experience than you are offering today, but without cutting into your margin to do it,” the company says. “Some companies we work with are focused on faster delivery experience at their current cost and others are focused on maintaining their current shipping performance but at a lower cost. Our technology enables you to make better trade-offs between speed and cost and — above all — deliver on the promises you make to your customers.”


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.