NEW YORK : US e-commerce shipping platform Shippo is to create 120 jobs in Ireland as it opens a new European research and development centre in Dublin.
Shippo said its entry into Dublin aligns with its international expansion plans, which centre on growing its global workforce and expanding its shipping infrastructure and carrier ecosystem to an international market.
The company has raised over $150m and was recently valued at $1 billion.
Shippo’s investment here is supported by IDA Ireland.
“We serve a growing, international community of merchants who are looking for a global end-to-end shipping solution,” said Simon Kreuz, President and Co-Founder at Shippo.
“With our European team working with our US engineering teams in building a world-class shipping service, as well as spearheading new initiatives for the European market, including platform API optimisations, carrier integrations, and building a brand new mobile app, this new location will enable us to deliver more tailored programmes to our customers and partners across Europe,” he added.
Leo Varadkar, Tánaiste and Minister for Enterprise, Trade, and Employment, said the pandemic emphasised the importance of e-commerce businesses for the economy and Shippo’s work in facilitating these companies is vital.
“This new R&D centre will greatly benefit from our rich pool of talent. I wish the team the very best in this exciting new project and ongoing success with their European operations,” he added.
Patrick Collison, Stripe co-founder and CEO – and a Shippo investor – said that the internet economy is still in its early days.
“Shippo’s work orchestrating the world’s intricate shipping infrastructure will help millions of businesses around the world to expand their operations and reach new customers, Patrick Collison said.
“That Shippo has chosen my home country – and location of Stripe’s second headquarters – as the basecamp for its European presence makes the company’s continued expansion all the more exciting,” he added.
“Shippo is a welcome addition to the SaaS (software as a service) technology space in Ireland. The availability of multilingual technology talent here will help the company with this expansion of its operations into Europe,” Martin Shanahan, CEO at IDA Ireland said.