About 71lbs
71lbs is a company based in Chicago (United States) founded in 2010. 71lbs has raised $2.69 million across 6 funding rounds from investors including IDEA Fund Partners, Excelerator Titan and Pritzker Group. 71lbs offers products and services including Late Delivery Refunds, Contract Negotiations, Lost and Damaged Claims, Discounted Shipping, and Amazon FBA Auditing. 71lbs operates in a competitive market with competitors including VeriShip, Lupeon, Dropgo, Dimensional Scanner and Saveonbusinessshipping, among others.
- Headquarter Chicago, United States
-
Sectors
Transportation, Automotive & Logistics
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name 71Lbs, Inc.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$2.69 M (USD)
in 6 rounds
-
Latest Funding Round
$2.31 M (USD), Angel Round
Mar 31, 2015
-
Investors
IDEA Fund Partners
& 2 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of 71lbs
71lbs offers a comprehensive portfolio of products and services, including Late Delivery Refunds, Contract Negotiations, Lost and Damaged Claims, Discounted Shipping, and Amazon FBA Auditing.
Manages refunds for late shipments from carriers.
Negotiates better shipping agreements with carriers.
Handles claims for lost or damaged shipments.
Provides access to discounted shipping rates.
Audits and optimizes Amazon fulfillment processes.
People of 71lbs
Unlock access to complete
Unlock access to complete
Funding Insights of 71lbs
71lbs has successfully raised a total of $2.69M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $2.31 million completed in March 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 71lbs
71lbs has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include IDEA Fund Partners, Excelerator Titan and Pritzker Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tech & Life Sciences focused VC firm investing in early & seed stage startups in the US
|
Locked | Locked | Locked | |
|
Startups are accelerated through a 13-week program in Chicago.
|
Locked | Locked | Locked | |
|
Investments in SaaS, marketplace, and middle market companies are managed.
|
Locked | Locked | Locked |
Investor details for 71lbs
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by 71lbs
Investment portfolio details for 71lbs
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - 71lbs
Detailed financials for 71lbs
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
71Lbs Comparisons
Peer comparison for 71lbs
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of 71lbs
71lbs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VeriShip, Lupeon, Dropgo, Dimensional Scanner and Saveonbusinessshipping, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based parcel audit and intelligence solutions are offered.
|
|
| Locked | Locked | Locked |
Freight payments and invoices are managed and audited for logistics.
|
|
| Locked | Locked | Locked |
Relay-based parcel delivery solutions are provided via tech-enabled counters.
|
|
| Locked | Locked | Locked |
Offers automated systems for cubic scanning and parcel dimensioning.
|
|
| Locked | Locked | Locked |
Offers online tools for managing end-to-end delivery services.
|
Detailed competitors of 71lbs
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on 71Lbs
Complete news archive for 71lbs
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about 71lbs
71lbs was founded in 2010 and raised its 1st funding round 2 years after it was founded.
71lbs is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
71lbs is a funded company, having raised a total of $2.69M across 6 funding rounds to date.
71lbs helps small and medium businesses save money on shipping by providing analytics and reporting tools to help businesses understand their costs. Businesses just have to provide details about their Fedex or UPS accounts. 71lbs inspects for changes in the invoice, extra surcharges, delay in delivery etc and files claims for them. Funded by IDEA Fund Partners, OCA Ventures, Pritzker Group Venture Capital, Tamiami Angel Funds Techstars Chicago.
71lbs offers Late Delivery Refunds, Contract Negotiations, Lost and Damaged Claims, Discounted Shipping, and Amazon FBA Auditing.
71lbs has 3 investors. Key investors include IDEA Fund Partners, Excelerator Titan, and Pritzker Group.