Veho Raises $125M in Series A Funding

Veho

Veho, a New York-based ecommerce logistics company that enables personalized next-day package delivery, raised $125M in Series A funding.

The round was led by General Catalyst with participation from Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures.

The company intends to use the funds to grow the team, expand from 14 to 50 U.S. markets by the end of 2022, and continue to improve and deepen the consumer experience through technology advancement.

Led by CEO and co-founder┬áItamar Zur, Veho provides ecommerce logistics with the use of technology that allows for personalized deliveries that increase customer satisfaction and drive customer lifetime value. It leverages live customer communication, in-market warehouse locations and a dynamic marketplace to match demand for deliveries with last-mile driver-partners. The technology-enabled platform is suited to handle delivery needs for today’s ecommerce brands and their customers.

FinSMEs

23/12/2021