Favor, an Austin, Texas-based on-demand delivery service, closed a $22m Series B financing round.
The round was led by existing investor S3 Ventures.
The company, which has raised $34m in total funding, intends to use the funds for continued growth throughout the state of Texas and beyond, as well as further acceleration of the product roadmap.
Led by CEO & President Jag Bath, Favor operates an on-demand delivery service to get anything people want in their city delivered to home in under an hour, by personal assistants (called runners). Founded in 2013, the platform is currently available in 15 cities across Texas and has completed more than 6 million deliveries since its launch.
FinSMEs
07/09/2017