Ryde Raises £2.5M in Funding

Ryde, formerly known as Ryders, a London, UK-based SaaS last-mile delivery platform provider, raised £2.5m in funding.

The round was co-led by Forward Partners (who recently announced their IPO) and Triple Point, with participation from current investors Seedcamp and Swiss Founders Fund and angels, including Michael Pennington (Gumtree), Will Neale (Fonix), Matt Robinson (Go Cardless) and Ines Ures (former Deliveroo CMO).

The company intends to use the funds to continue to expand operations and its business reach.

Co-founded by Tom Nimmo and Duncan Mitchell, Ryde provides a fully-integrated management system to make it easy hyperlocal last-mile delivery for every business in every industry. Clients include Ocado, Gorillas, Dija and Slerp, among others.