Veho Raises $125M in Series A Funding
- 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
- The platform 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
