EquaShip Raises $900K
EquaShip, a startup that aims to save small- and medium-sized businesses money on shipping costs by going head-to-head with UPS and FedEx, is announcing a $900,000 investment round today. The company, headed by serial entrepreneur Ron Wiener, said the money was raised from various angel investors from Seattle and the Bay Area—but didn’t name names.
Named as a strategic investor was Newell Rubbermaid, the company that owns a wide range of consumer and business brands including Dymo, which provides shipping and mailing technology through its Endicia brand. EquaShip said Newell Ventures director Scott Galovan would join the startup’s board. EquaShip, which is hiring for a half-dozen positions, plans to use the money to add to its operations, namely a customer care center.