Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Point Pickup Pulls In $30M Series A

2020-10-08
GREENWICH, CT, Point Pickup Technologies has today raised $30 million from BBH Capital Partners.
Point Pickup Technologies, the company that has successfully reinvented the final-mile delivery model for many of the US's top eCommerce enterprises, has today raised $30M from BBH Capital Partners. This Series A investment joins previous seed rounds from private investors and CT Innovations, a venture capital group that supports innovation and startups in the state of Connecticut.

The $30M in funding will be used to innovate and enhance the company's technology platform and highly specialized client services to meet the surging and diversifying demand that has propelled the company's growth rate to 6x in the last six months. At a time when every retailer must transform itself into an online delivery business, Point Pickup offers the only solution with scale.

Point Pickup (PPUP), an enterprise same-day delivery solutions company, brings precision technology to final-mile delivery with a highly specialized and scalable solution that is being used by many of the country's largest retailers. The technology platform, along with Point Pickup's Driver Match Networks, solves the greatest challenges of the growing same-day delivery market. Point Pickup is the only platform offering pre-scheduled deliveries with favorite drivers while accommodating on-demand requests. PPUP's data-driven platform saves time and money, while maximizing performance, by offering sophisticated matching criteria, optimized routing, selective drivers and an API that easily integrates with e-commerce systems. For more information, visit http://www.pointpickup.com or find us on Twitter, LinkedIn, Facebook and Instagram.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors