Roadie, Inc., an Atlanta, GA-based on-the-way delivery network, raised $15m in Series B funding.
Backers included Warren Stephens and UPS Strategic Enterprise Fund.
The company intends to use the funds to broaden its partnerships, build new distribution channels and expand its capacity.
Led by Marc Gorlin, founder and CEO, Roadie operates an on-the-way delivery network which allows consumers and businesses to send oversized, heavy or awkwardly shaped items, using its web, iOS or Android app to get a free estimate, set up the service, and get their items delivered, with protection up to $10,000 provided by UPS Capital®.
The platform utilizes excess capacity in vehicles already on the road, rewarding drivers for delivering items on trips they are already taking.
Since launching in January 2015, the Roadie app – available for download in the App Store, Google Play store – has been downloaded by more than 250,000 people nationwide.
Other investors in the company include Eric Schmidt’s TomorrowVentures; David Bonderman, founder of TPG Capital; Guggenheim Partners’ Executive Chairman Alan Schwartz; Square Co founder Jim McKelvey; the Mellon Group; former CEO of ISS Tom Noonan, and H. Barton Asset Management.