Today Whitebox announced the close of a $20M financing round in capital from both new and existing investors. The round was led by Delta-v Capital, with increased support from our existing major investors: Noro-Moseley Partners, TDF Ventures, MRE Capital, and Kilkea Charles. This latest infusion is on the heels of 2020’s raise of $18 Million, which brings our total capital to nearly $50 Million to date. To say I’m proud is far from a humble brag, but rather a gross understatement. Additionally, we are thrilled to welcome Wali Bacdayan and Garrett Marsilio from Delta-v Capital to our board of directors.
This $20 Million will mean a great deal to you, our trusted clients and partners. We are doubling down (again) on our leading technology platform. The omnichannel insights you’ve come to rely on to build your business and reduce costs is only going to get better, faster and more data-driven. We plan to advance our tech to increase the capacity we’ve built across the U.S. to get your products and services closer to customers more efficiently. Last, but certainly not least, we are laser-focused on hiring senior talent to drive Whitebox’s modern commerce success and yours.
This is all meaningful change and opportunity that I’m immensely grateful for. What the additional $20 Million also means is that this team’s hard work, excellence and customer obsession has been validated by the market yet again. No matter the obstacles — and there have been plenty in the last two years — this team, from Operations to Marketing to Engineering to Customer Success and Sales, crushed the bar on every occasion. With a significant increase in staff in 2021 whether working remotely or taking the utmost caution in our warehouses and offices, they delivered for brands. Eighty-percent YOY growth in the 1H of 2021 is no accident. It’s simply remarkable.
But wait there’s more.
There’s simply no better time to join us, whether you’re a new customer in the market for the best in ecommerce technology or a high performer looking for your next high-growth opportunity. Thank you to everyone who has been a part of Whitebox’s success and hello to those yet to join us!