Go Veho! Valuation at $1B after $125M Series A

This next-day package delivery startup aims to solve the last mile of delivery — how packages get from fulfillment centers to the customer’s door...

Veho’s technology matches package delivery demand with qualified driver partners and lets customers know the actual time of delivery and even communicates when the driver is headed their way.

Veho, a startup applying technology to next-day package delivery, aims to solve the last mile of delivery — how packages get from fulfillment centers to the customer’s door. It also wants to do it with a unique flair: providing transparency into deliveries that starts with the option of when, where and how customers want their packages delivered and then real-time communication throughout the whole process.

Fast growth. Big raise.

Since raising its seed round in the summer of 2020, New York-based Veho has grown 40 times in revenue, while also increasing its employee count from 15 to 400, Veho co-founder and CEO Itamar Zur told TechCrunch.

It is already working in 14 U.S. markets, but plans to grow to 50 markets by the end of 2022.

Rich Maloy
Rich Maloy

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