Tech Company Financing Transactions
Portless Funding Round
Commerce Ventures, eGateway Capital and FJ Labs participated in a $18 million funding round for Portless. This venture round was announced on 5/31/2025.
Transaction Overview
Company Name
Announced On
5/31/2025
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This investment will fuel Portless's mission to transform the direct-to-consumer (DTC) industry by addressing critical pain points for U.S. and European brands navigating rising tariffs, regulatory changes, and supply chain inefficiencies.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
169 Madison Ave 2156
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Website
Email Address
Overview
Portless is a logistics startup that offers fast, direct-to-consumer (DTC) shipping solutions for e-commerce brands. By fulfilling orders directly from its fulfillment center in Shenzhen, China, Portless enables brands to deliver products to customers' front doors within 6--8 days, emulating the rapid shipping model popularized by Shein. The company helps brands improve cash flow, reduce inventory risk, and increase margins by shipping products just days after being manufactured. Portless supports mid-market companies and facilitates small-batch, demand-driven shipping. In May 2025, Portless secured $18 million in Series A funding to expand its services and enhance its supply chain offerings.
Management Team
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