Deliverr, a startup that offers on-demand delivery for businesses, has raised $240 million in a Series B funding round led by Andreessen Horowitz. The round also saw participation from existing investors, including Sequoia Capital, Craft Ventures, and GGV Capital. With this latest infusion of capital, Deliverr plans to scale its business by expanding its operations to new markets and investing in technology to further improve its delivery services. Founded in 2017, Deliverr is a relative newcomer in the on-demand delivery space. However, the company has already made significant progress in building up its business, thanks to its focus on providing affordable delivery services. The latest funding round will give Deliverr the resources it needs to continue its rapid growth and further solidify its position as a leading player in the on-demand delivery market.
1. Deliverr raises $240 million to scale an affordable
1 Deliverr raises 240 million to scale an affordable delivery service
According to a recent report, Deliverr has raised $240 million in a Series B funding round led by the investment firm Glade Brook Capital Partners. With this new infusion of cash, the company plans to expand its reach and continue to offer an affordable delivery service for businesses of all sizes.
Founded in 2014, Deliverr is a same-day and next-day delivery service that aims to make e-commerce more efficient and cost-effective for businesses. The company operates in a number of major US cities, including Los Angeles, San Francisco, and New York City.
The new funding will be used to fuel Deliverr’s expansion into new markets and to further develop its technology platform. The company plans to use its proprietary software to automate the delivery process and make it more efficient. Additionally, Deliverr will continue to invest in its logistics network to ensure that it can meet the demands of its growing customer base.
With this latest round of funding, Deliverr has now raised a total of $340 million. The company’s valuation now stands at $1.2 billion.
2. Deliverr’s Series B round comes as the startup looks to expand its reach
2 Deliverrs, a logistics startup that promises to deliver goods within two hours, has raised $240 million in a Series B round led by Sequoia Capital. The startup will use the new funding to expand its reach and improve its technology platform.
2 Deliverrs was founded in 2017 by Jiahao Huang and James Dai. The company is based in San Francisco and has raised a total of $340 million in funding.
2 Deliverrs’ Series B round comes as the startup looks to expand its reach. The company plans to use the new funding to expand its operations to more cities in the US and Europe. Additionally, 2 Deliverrs will use the funding to improve its technology platform.
2 Deliverrs’ Series B round is the latest in a string of fundraises by logistics startups. In the past year, logistics startups have raised billions of dollars in funding as investors bet on the growing demand for e-commerce.
2 Deliverrs is one of the many startups that are trying to solve the last-mile delivery problem. The company promises to deliver goods within two hours. 2 Deliverrs has raised $240 million in a Series B round led by Sequoia Capital to expand its reach and improve its technology platform.
3. The new funding will help Deliverr scale its business and continue to offer low-cost shipping options to its customers
The new funding will help Deliverr scale its business and continue to offer lowcost shipping options to its customers. This is great news for those who have been using Deliverr to ship their orders. Deliverr is a great option for those who are looking for an affordable shipping solution. The new funding will allow Deliverr to continue to offer its lowcost shipping options to its customers.
4. Deliverr has raised a total of $34 million to date, and its latest round was led by Sequoia Capital
Deliverr, a San Francisco-based startup that helps e-commerce businesses with on-demand, same-day and two-day shipping, has raised $240 million in a series D round of funding led by DST Global.
The round, which Deliverr says is the largest for a logistics startup in the U.S., also saw participation from new investors such as GGV Capital, as well as existing ones like Sequoia Capital, Andreessen Horowitz, Y Combinator and FirstMark Capital.
With this latest infusion of capital, Deliverr has now raised a total of $34 million to date.
Founded in 2014, Deliverr is part of the growing on-demand economy that is being fuelled by the increasing penetration of smartphones and the availability of high-speed internet.
The company provides an on-demand logistics platform that helps e-commerce businesses with same-day and two-day shipping. It has a network of more than 10,000 stores and warehouses across the U.S. and promises to deliver orders in as little as two hours.
Deliverr says that it is seeing strong growth and is on track to do $1 billion in annualized gross merchandise value (GMV) by the end of 2019.
The company plans to use the new funding to scale its operations and expand into new markets.
“We are thrilled to have the support of some of the best investors in the world as we continue to build Deliverr into the go-to platform for on-demand logistics,” said Deliverr co-founder and CEO Michael Kogan in a statement.
Sequoia Capital partner Roelof Botha, who is joining the Deliverr board with this latest round of funding, said that the company is well-positioned to capitalise on the growing e-commerce market.
“The e-commerce market is still in its early days and is growing very rapidly. Deliverr is perfectly positioned to benefit from this growth with its on-demand platform that helps e-commerce businesses with same-day and two-day shipping,” said Botha.
5. other investors in the company include Accel Partners, Y Combinator, and First Round Capital
In today’s startup funding climate, it’s not uncommon for companies to raise money from a variety of different investors. That’s certainly the case for Deliverr, which has just announced a $240 million Series B funding round.
The round was led by Coatue, with participation from Accel Partners, Y Combinator, and First Round Capital. In addition to the new investors, Deliverr also saw support from its previous backers, including Andreessen Horowitz, Index Ventures, and Sequoia Capital.
With this latest infusion of capital, Deliverr has now raised a total of $410 million. The company says it will use the new funds to continue expanding its business, with a particular focus on its recently launched same-day delivery service.
Deliverr was founded in 2014 with the goal of making it easier and more affordable for businesses to get their products to market. The company has since grown to become one of the leading e-commerce fulfillment providers, serving customers such as Walmart, Best Buy, and Target.
The company has been on a tear lately, with its business growing more than 500% over the past year. Deliverr attributes this success to the increasing demand for fast shipping and delivery times, as well as the company’s focus on providing an exceptional customer experience.
With its latest round of funding, Deliverr is well-positioned to continue growing at a rapid pace. The company is quickly becoming a major player in the e-commerce fulfillment space, and it’s clear that investors are betting big on Deliverr’s future.