Toronto-based Portless has raised $18 million USD in Series A funding to help retailers navigate rising import costs and U.S. tariff changes. Led by Commerce Ventures, the round closed in February amid growing trade tensions following U.S. President Trump’s new tariffs on Canadian and Mexican imports. Portless offers direct-to-consumer shipping from China, allowing brands to defer duty payments until goods are sold and shipped.
The model—similar to that of Shein and Temu—has drawn hundreds of mid-sized brands and 300% year-over-year growth. Portless will use the funding to expand into Vietnam and India and enhance logistics operations.
Want to know more? Check out the source code on BetaKit.