Sendoso, which operates what it calls a Sending Platform, announced it closed on a $40 million Series B funding round.
The new round was led by Oak HC/FT, with participation from Craft Ventures, Signia Venture Partners, Storm Ventures, Struck Capital, and Stage 2 Capital. New investors in this round are Prologis and Felicis Ventures. Sendoso adds Oak HC/FT’s Allen Millier to its board of directors. The company’s total funding to date is now $54.1 million.
Launched in 2017 in San Francisco, Sendoso originated the “Sending Platform,” which is a fully integrated solution that solves sourcing, physical warehouse storage, inventory tracking and ROI attribution problems, enabling businesses to send anything and personalize at scale.
Sendoso reports achieving 330% revenue growth last year.