Tech Company Financing Transactions
Deliverr Funding Round
Deliverr, based in San Francisco, secured $40 million in investment from Activant Capital Group, 8VC and GLP.
Transaction Overview
Company Name
Announced On
2/6/2020
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series C
Investors
Proceeds Purpose
With the new capital, Deliverr will be able to: Advance our machine learning capabilities so that we can predict demand and stock warehouses accordingly. Build out fast, affordable shipping programs across new major online marketplaces. Finally, scale the team across our three offices in San Francisco, Chicago and Toronto.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
577 Howard St. 4th Floor
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Large online marketplaces like Amazon have trained consumers to expect products delivered to their doorsteps within 1-2 days at no extra cost. As a result, millions of sellers on other marketplaces are falling behind, unable to cost-effectively deliver products to their customers within 1-2 days.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Harish Abbott
Co-Founder
Michael Krakaris
VP - Engineering
Artur Rivilis
VP - Operations
Justin Flores
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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