As it builds a deluxe version of its service and also takes it mobile, uShip Inc. has raised an $18 million Series C round after attracting new investor Kleiner Perkins Caufield & Byers, the company said.
Joining the funding were return investors Benchmark Capital and DAG Ventures, Chief Executive Matt Chasen said.
While uShip does not track the exact number of deals that have been made over its site, Mr. Chasen said that together such arrangements have led to $3.5 billion changing hands, with most users shipping freight, household goods and vehicles.
The company will use its new funding to ramp up its uShip Pro service, which offers various incentives to high-frequency users, mostly those in the business-to-business category.
The company will also be coming out with a mobile version of its service, meaning users can do much of the same buying and selling via phones and tablets.
Mr. Chasen said uShip has a presence in 18 countries, and aims to use some of its Series C round on an aggressive push to expand that footprint.
The Series C brings Maritza Liaw, a partner at Kleiner, to uShip’s board of directors, the CEO said.
Write to Timothy Hay at [email protected]
Original article on Dow Jones VentureWire