BUKU Ship Announces $5M Investment by Pando Ventures and Names Ken W. Muir as Chief Executive Officer
LEHI, Utah --BUKU Ship, the leader in intelligent AI Powered shipping solutions, announced today it has raised $5 million in Series A funding, led by Pando Ventures, following the appointment of Ken W. Muir as Chief Executive Officer in August, 2021.
Muir, 52, is a software veteran with over 25 years of experience leading both public and private companies. Muir was the former CEO of GWAVA which he led to a very successful acquisition in 2016 by Micro Focus, a $4B public company. Muir has held numerous positions including Chief Technology Officer of a $1B public company, VP & General Manager of a leading Artificial Intelligence and Analytics Business and Chief Revenue Officer. Muir is a distinguished alumnus of the University of Utah College of Engineering and a PLD graduate of Harvard Business School.
Additionally, BUKU is announcing that David Field, former executive from DHL has joined the BUKU team as Chief Revenue Officer and Bryce Romney, former Vice President of Product at SwipeClock has joined the team as Chief Product Officer. Field has over 20 years of sales and sales leadership experience in the logistics industry, having worked for a large multinational logistics organization to thriving startups. Romney brings deep SaaS product expertise building highly valued scalable solutions for the enterprise as well as the SMB markets.
"BUKU is disrupting the eCommerce shipping market providing the most complete and innovative software shipping platform powered by Artificial Intelligence (AI) built into its core,” said Ken Muir, CEO of BUKU. “From click to ship, BUKU provides online sellers with all the tools they need. Including discounted postage rates, Shopping Cart Rate Intelligence for both domestic and international shipping, easy to use dashboards, analytics, billing reconciliation, returns, parcel tracking, and protection. Together, with our team of industry proven leaders and our partnership with Pando Ventures, BUKU delivers a powerful combination that can address any online seller’s shipping needs, enabling them to focus on their core business.”
“BUKU brings world-class solutions to the rapidly growing eCommerce shipping market,” says Rob Hennefer, Partner at Pando Ventures. “We’ve been incredibly impressed by the BUKU team and the results they’ve achieved in such a short time. We’re excited to be a part of the BUKU story.”
Additional funding will support BUKU’s platform expansion and further their AI capabilities providing real-time shipping intelligence. Additionally, BUKU’s astonishing growth has been without investment in marketing and branding. This investment will ignite BUKU’s Sales and Marketing and drive exponential market penetration and customer acquisition.
About BUKU Ship
BUKU Ship exists to help online retailers with all their shipping needs so they can focus on what matters most, creating and selling their product. Our innovative SaaS platform and our team of industry experts ensure that from “click to ship” all aspects of online shipping are taken care of for our customers. BUKU is headquartered in Lehi, Utah, and was founded in 2018. To learn more, visit www.bukuship.com.
About Pando Ventures
Pando Ventures is a venture capital firm based in Salt Lake City and founded in 2020 by Scott Carman and Rob Hennefer. Pando invests in scalable software and technology businesses in the non-coastal western states.
Source: Business Wire