Venice-based logistics company Shipsi Inc. raised $1.9 million in a seed round, the company announced Nov. 28. The recent funding was led by London-based Initial Capital and Santa Monica-based Halogen Ventures. Additional investors include Precursor Ventures in San Francisco and Stage Venture Partners in Century City. This adds to the $350,000 pre-seed round Shipsi raised in July 2017. Shipsi’s technology offers retailers on e-commerce platforms an additional option for shipping and delivery. Shipsi says it offers same-day shipping by plugging into last-mile networks to deliver goods. Its technology integrates with a retailer’s existing website and supply chain, often without requiring a single change to the existing process, said Chelsie Lee, chief executive of Shipsi, who co-founded the company with Ben Way. The recent round of funding will be used to expand the company’s third-party logistics partners and hire more employees for Shipsi, Lee said. The company currently counts eight employees on its payroll.
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