Boxed is the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler.

Boxed operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a “big-box” store membership.

Boxed was founded in 2013 by Chieh Huang, Christopher Cheung, Jared Yaman, and William Fong. The company is headquartered in SoHo and has three fulfillment centers around the country: in New Jersey, Nevada, and Texas. Boxed also have a small office in San Mateo, California.

 

Boxed provides approximately 2,500 bulk pantry consumables to businesses and household customers, such as paper products, snacks, beverages, and cleaning supplies. 

 

Boxed also operates a software and services business called Spresso, which offers customers access to its e-commerce platform technology. The Spresso is purpose-built storefront, marketplace, analytics, fulfillment, advertising, and robotics technologies enable better business outcomes for e-commerce customers. 

 

Boxed has partnered with brands including American Airlines, United Airlines, Lidl US, Uber and Zulily. Boxed claims to have serviced approximately 400,000 customers across its retail segment in 2021. 

 

Boxed is backed by GGV Capital, DST Global, BlackRock, Brigade Capital Management, Aeon Group, Avanda Investment Management, Onex Credit, Nomura Holdings, and others. The company raised $20M in new financing on Jan 20, 2023. This brings Boxed's total funding to $385.9M to date. Boxed went public via a SPAC merger with Seven Oaks Acquisition Corp in Dec 2021. The deal valued the company a t IPO of $900M.

 

 

  • Year founded: 2013
  • Funding Info: $385.9M over 7 Rounds (Latest Funding type: Post-IPO Debt)
  • Yearly Revenue: $165M-$180M (FY-2022)
  • Employee Size: 201-500
  • Business Valuation: Valued $900M at IPO, as of Dec 09, 2021
  • City/Town: New York
  • State: New York
  • Country: United States
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