TCP Venture Capital's Propel Baltimore Fund is pleased to announce that its portfolio company Whitebox raised $18 million in Series B funding led by Noro-Moseley Partners. This is the Propel Baltimore Fund's third investment in Whitebox said Christopher College, Managing Partner of TCP.
Whitebox helps brands and manufacturers win more sales and reduce costs in one powerful platform solution. Sell and move more products everywhere your customers are with our ecommerce marketplace and fulfillment technology and expertise. Whitebox's proprietary technology gives brands the flexibility, transparency and speed to increase sales, reduce costs and enhance decision-making.
CEO Marcus Startzel said, that the startup is differentiated by combining tools for managing e-commerce listings across a variety of marketplaces with the ability to store and ship products from its own warehouse spaces across the United States. “We really saw an opportunity for a platform that could both sell stuff and move stuff,” Startzel said.
About Whitebox
Whitebox is Powering the DTC Economy TM by providing an entire eCommerce operation in a single package. By combining all functions of the eCommerce process into one service, Whitebox makes it easy for manufacturers and brands to sell on a global level and shrink overhead. Whitebox lifts the weight of managing eCommerce from brands’ shoulders and gives customers an excellent online shopping experience. Visit www.whitebox.com for more information.
About TCP Venture Capital
TCP Venture Capital is a Baltimore, Maryland-based early-stage technology focused venture capital firm. We partner with entrepreneurs to build great businesses. The Propel Baltimore Funds makes investments in early-stage technology companies willing to locate in Baltimore City. The Fund addresses the critical need for more early-stage capital in Baltimore City, encourages more entrepreneurial activity in the City, creates more high-paying jobs, and helps to realize Baltimore City’s full potential as a destination for growing businesses.
