Hong Kong startup AfterShip has just closed a Series A round of $1 million from IDG Capital Partners (“IDG-Accel”) who has also invested in Mainland Chinese giants Baidu and Tencent.
Providing a platform that improves the package tracking functionality for online retailers, AfterShip has gained serious traction since securing seed funding two summers ago and launching publicly in July 2013. Besides having their tracking APIs and ‘Track Button’ widget integrated with over 180 carriers all around the world, AfterShip has also signed on 15,000 active users including Groupon and Etsy.
Besides its robust customer base and being one of the top apps and extensions on Shopify and eBay, AfterShip is currently tracking 3 million monthly shipments and has reported 25% growth every month.
Particularly inspiring is AfterShip’s founding story. Starting off as one of the teams competing at Startup Weekend Hong Kong back in 2011, AfterShip (called ‘AwesomeShip’ at the time) took the top prize at the local and ‘Global Startup Battle’ competition and started building their business up from there.
According to a company release, AfterShip plans on using the cash to develop delivery analytics tools to help eCommerce sites improve their business. Besides monitoring shipping performance and identifying delayed shipments, AfterShip’s analytics tools will also help generate more accurate delivery times.
Teddy Chan, co-founder and CEO of AfterShip has said that he envisions his startup as the Twilio for package tracking, powering communications between online stores and their customers.
Join us in congratulating AfterShip on all of their success!
AfterShip on StartBase.HK: AfterShip
Teddy Chan on StartBase.HK: Teddy Chan
