Roadie, an Atlanta, GA-based on-the-way delivery service, raised $37m in Series C funding.
Backers included The Home Depot, Warren Stephens and Eric Schmidt’s TomorrowVentures, among others.
The company intends to use the funds to continue to innovate its dynamic routing and pricing models and expand its use of machine learning to predict capacity and match deliveries to its community of drivers based on real-time supply and demand.
Led by Marc Gorlin, Founder & CEO, Roadie is an on-the-way delivery service that puts unused capacity in passenger vehicles to work by connecting people with items to send with drivers already going that way. The company works with consumers and businesses across virtually every industry to provide a scalable solution for scheduled, same-day and urgent delivery.
This round, which brings the total funding raised to date to $62m, follows Roadie’s announcement of recent delivery partnerships with Delta Air Lines, The Home Depot, and Walmart.
With over 120,000 drivers, the company’s community has delivered to more than 11,000 cities and towns nationwide.