Fundraising Fox

Shipt

Birmingham, US · Founded 2014 · Delaware corporation · 8 known investors

shipt.com ↗

Shipt operates a same-day delivery platform that connects consumers with personal shoppers who fulfill orders from retailers including Target, Lowe's, CVS, and regional grocers. It is a wholly-owned subsidiary of Target and offers grocery, pet, hardware, and beauty delivery, including as a perk of the Target Circle 360 membership.

E-commerceLogistics & Supply ChainMarketplacesRetail Tech

Founders & leadership

Shipt was founded in 2014 by BILL I. SMITH.

BI
BILL I. SMITHFounder

Board

RL
ROBERT L. CRUTCHFIELDBoard director
SSSTEVEN STREIT
STEVEN STREITinBoard directorGeneral Partner at SWS Venture Capital
WE
WILLIAM E. SAUNDERSBoard director
JL
JEFFREY L. SMITHBoard director

Investors · 8

FUSEBellevue · $1M – $10M
Gray VenturesAtlanta
GreycroftNew York · $100K – $5Mvia Ian Sigalow · board
HeadlineSan Francisco · $661K – $103M
Headline Growth Management, LLC
SWS Venture CapitalLos Angeles
Greycroft Partnersreported · 2 sourcesNew York
Harbert PartnersreportedBirmingham

Reported raises · per SEC filings

Form D private placements

$52.7M disclosed across 4 rounds · 2016–2017

▶$31.9MraisedJun 2017 · 16 investors · Other Technology
Rule 506(b)
Shipt raises $40M to challenge dominant grocery delivery startupstechcrunch.com · Jun 2017
Officers, directors & promoters on the filing
  • William E. SaundersDirector
  • Steven StreitDirector
  • Noreen BerginExecutive Officer
  • Ian SigalowDirector
  • Bill I. SmithExecutive Officer
  • Jeffrey L. SmithDirector
Offering amount
$40M
Amount sold
$31.9M
Minimum investment
$1
Proceeds to insiders
$1.9M
First sale
Jun 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$150.8KraisedMay 2017 · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert L. CrutchfieldDirector
  • Jeffrey L. SmithDirector
  • Bill I. SmithExecutive Officer, Director
  • Noreen BerginExecutive Officer
  • Steven StreitDirector
  • William E. SaundersDirector
Offering amount
$150.8K
Amount sold
$150.8K
First sale
Apr 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$496.2KraisedMar 2017 · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Noreen BerginExecutive Officer
  • William E. SaundersDirector
  • Steven StreitDirector
  • Robert L. CrutchfieldDirector
  • Bill I. SmithExecutive Officer, Director
  • Jeffrey L. SmithDirector
Offering amount
$496.2K
Amount sold
$496.2K
First sale
Mar 2017
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$20.1MraisedJul 2016 · 8 investors · Other Technology
Rule 506(b)
Shipt raises $20M to challenge Instacart and establish AL’s startup ecosystemtechcrunch.com · Jul 2016
Officers, directors & promoters on the filing
  • ROBERT L. CRUTCHFIELDDirector
  • BILL I. SMITHExecutive Officer, Director
  • STEVEN STREITDirector
  • WILLIAM E. SAUNDERSDirector
  • JEFFREY L. SMITHDirector
Offering amount
$20.1M
Amount sold
$20.1M
First sale
Jun 2016
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap
Instacart87957 shared keywordsInstacart operates a marketplace connecting grocery retailers with customers who order food and household items for same-day delivery or in-store pickup, serving millions of households across North America through partnerships with over 350 retailers.
DoorDash62099 shared keywordsDoorDash operates a restaurant delivery platform that connects customers with dining establishments across hundreds of cities in North America through a logistics network.
Uber Eats41504 shared keywordsEasiest way for consumers and businesses to order food from favorite local eateries
Walgreens16605 shared keywordsWalgreens operates a pharmacy and retail health and wellness business, offering prescription services, over-the-counter medications, health products, and photo services to consumers.
Postmates12556 shared keywords<UNKNOWN>

Companies competing with Shipt for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Shipt and DSW Partner to Help Families Feel Ready for the Back-to-Routine Seasonprnewswire.com · Jul 2026Ex-Shipt execs' Linq raises $20M to wire AI into texts — TFNtechfundingnews.com · Feb 2026Shipt’s algorithm squeezed gig workers, who fought backspectrum.ieee.org · Jul 2024Shipt raises $40M in funding, looks to double its reach during the next year | Food Divefooddive.com · Jun 2017Shipt Raises $40M in Series B Funding - FinSMEsfinsmes.com · Jun 2017Shipt raises $40M to challenge dominant grocery delivery startupstechcrunch.com · Jun 2017On-demand grocery delivery startup Shipt raises $20m | Retail Diveretaildive.com · Jul 2016Shipt raises $20M to challenge Instacart and establish AL’s startup ecosystemtechcrunch.com · Jul 2016

Frequently asked questions

What does Shipt do?
Shipt operates a same-day delivery platform that connects consumers with personal shoppers who fulfill orders from retailers including Target, Lowe's, CVS, and regional grocers. It is a wholly-owned subsidiary of Target and offers grocery, pet, hardware, and beauty delivery, including as a perk of the Target Circle 360 membership.
Who founded Shipt?
Shipt was founded by BILL I. SMITH in 2014.
Who are Shipt's investors?
Shipt's investors include FUSE, Gray Ventures, Greycroft, Headline, Headline Growth Management, LLC, SWS Venture Capital, Greycroft Partners, Harbert Partners.
How much funding has Shipt raised?
Shipt has disclosed $52.7M raised across 4 rounds.
Where is Shipt headquartered?
Shipt is headquartered in Birmingham, US.