As e-commerce continues to expand worldwide, logistics—the movement of goods from point A to point B—has become a critical strategic consideration for many businesses. Logicbroker, based in Shelton, Connecticut, has revolutionized logistics by developing the only cloud-based e-commerce platform to offer full drop-ship and marketplace functionality to suppliers, retailers, brands and 3PLs.
Drop shipping, a method whereby sellers purchase goods from third parties to fulfill orders (rather than stock inventory themselves), is an increasingly popular method of order fulfillment because it reduces the burden on retail supply chains by eliminating retailers from the process. Logicbroker’s cloud-based e-commerce platform connects all parties in the drop-shipping process and the systems they rely on, helping companies sell more product, increase revenue, improve the customer experience and quickly adapt to trends so they can remain competitive.
- Founded in 2010
- Secured more than $135 million in funding in 2021
Peyman Zamani & Karim Hadchiti
- First investment: 2013
- First investment amount: $750,000
- Total invested: $1.75 million
- Leverage: $2.25 million
- Team lead: Douglas Roth
In 2021, Logicbroker raised more than $135 million of capital from K1 Investment Management, generating a record-setting return for CI, which CI can now invest in other promising Connecticut startups. Logicbroker will use the funding to expand its full-function drop-ship and marketplace services.