April 19, 2022
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Shipfusion, a leading provider of technology and fulfillment solutions for premium eCommerce brands, in receiving a growth equity investment from Kayne Anderson Capital Advisors, a private equity fund targeting investments in emerging growth companies within the software and logistics sectors.
Cascadia strategically positioned and effectively articulated the Company’s differentiated software and fulfillment capabilities, broadly diversified enterprise client base, and scalable platform, all of which support its path to significant growth within the eCommerce fulfillment market. By highlighting Shipfusion’s custom-built, proprietary software and extensive warehouse network that provides fulfillment services to premier eCommerce brands across the U.S., Cascadia achieved an outstanding outcome for its investors, owners, and employees. Cascadia’s experience in the software, logistics, and supply chain technology sectors played a crucial role in positioning the Company in a highly competitive sector landscape.
Based in Chicago and founded in 2014, Shipfusion utilizes custom-built, proprietary software with an application programming interface, full warehouse management system and automation controls to provide superior solutions to its customers. The Company’s capabilities include complex integration, innovative picking strategies, temperature-controlled facilities, advanced reporting tools, and end-to-end lot tracking that offer market leading B2B fulfillment, inventory management and analytics, and optimized shipping rates. In addition, Shipfusion provides customers with class leading, technology enabled support services that are differentiated in the space and support its unique value proposition.
Kayne Anderson Capital Advisors is a Los Angeles-based private equity firm that specializes in growth equity investments across a broad range of industries including supply chain and logistics, media and telecom, business process automation, financial technology, healthcare, and security compliance. The firm recognized Shipfusion’s industry growth potential, differentiated software capabilities, and top-flight management team that established the Company as a great fit for its evolving technology enabled logistics thesis.
“Cascadia provided excellent strategic advice to us throughout our capital raise process. Specifically, their expertise in both technology and logistics provided the ideal perspectives to secure a strong capital transaction with a leading growth equity firm,” said Shipfusion CEO and Co-Founder Brandon Luft.
”Shipfusion sits at the intersection of eCommerce, technology enabled services and software led-fulfillment. As the supply chain evolves, both in response to today’s challenges and tomorrow’s opportunities, the Company is ideally positioned to benefit from these tailwinds as a market leading and differentiated platform for growth. Brandon and the team have found the perfect partner in Kayne Anderson and we look forward to their accelerated progress together,” said Firdaus Pohowalla, Managing Director and Head of Supply Chain Technology at Cascadia Capital.
“As a bootstrapped business, Shipfusion has focused on developing their proprietary software and strategic warehouse network and with the capital investment is now poised to drive significant growth in the market,” added Teague Collins, Managing Director and Co-Head of Software.
The transaction represents another successful transaction for Cascadia in its market leading transportation, logistics and supply chain technology practice focused on software, automation and services. Recent transactions include StyleGenome’s acquisition by Wayfair, FragilePak’s acquisition by Greenbriar Equity, Perfect Corp.’s Series C investment from Goldman Sachs, and the sale of Cory to J.B. Hunt Transportation Services.
For more information about this transaction, please contact the Cascadia Capital deal team:
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