Friday, August 10, 2007

Shipwire Scores $4M

Los Angeles-based Shipwire has quietly raised $4M in a venture funding round for its outsourced shipping service, socalTECH has learned. Shipwire maintains warehouses in Los Angeles and Chicago, and handles shipping of products for companies on an outsourced basis. Meakem Becker Venture Capital now lists the firm as part of its portfolio. Damon Schechter, the firm's CEO, declined to comment on the funding round or provide more information on investors. More information »