Veho Raises $125 Million at $1 Billion Valuation for Delivery Industry

Veho is a parcel delivery service that provides e-commerce companies with the end-to-end delivery carrier. For this purpose, Veho applies next-generation technology and final mile crowdsourcing.

The funding round Series A was led by General Catalyst. Also participating investors were Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners, and Origin Ventures. This round brought the company to the unicorn club.

Veho, Colorado-based, was founded by Fred Cook, Itamar Zur (CEO), Lukas Keindl, Matt Graham in 2016. As of now, the company plans to hire more new talents and to advance the technology for customer experience improvement.  Moreover, Veho is going to expand its presence in the USA from 14 markets to 50. Clients’ base includes major apparel and accessory brands, food, and packaged goods companies. “The role of last-mile logistics in eCommerce is more important than ever, and Veho is bringing much-needed innovation to a space that has for years struggled to keep up with the dramatic increase in demand while focusing on a superior consumer experience.”, Kyle Doherty, managing director at General Catalyst.

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