Kayne Anderson Capital Advisors completed a $40m funding round in Shipfusion.

Kayne Anderson Capital Advisors, a private equity firm, completed a $40m funding round in Shipfusion, a provider for e-commerce technology. "Shipfusion solves fundamental pain points for the eCommerce shipping and fulfillment industry, in a fast-growing but deeply fragmented market. Shipfusion has cemented itself as a critical solution for small and mid-sized retailers needing to navigate a quickly evolving and highly complex landscape. We are extremely excited to partner with the company and leverage the resources of Kayne Partners to grow the business into a clear market leader," Leon Chen, Kayne Partners Managing Partner.