Veho Receives $170M Series B Financing Round
NEW YORK, NY, Veho, a technology company that is revolutionizing package delivery, today announced a $170 million Series B round.
The round was led by Tiger Global with SoftBank Vision Fund 2 participating at a $1.5+ billion valuation. The funding comes just 6 weeks after the company closed an oversubscribed A round at a $1B valuation, bringing the company to $300 million of capital raised to date. Existing investors, including General Catalyst, Bling Capital, Construct Capital, Industry Ventures and Origin Ventures, also participated in this round. Other notable investors in the company include The Chainsmokers Mantis VC Fund, and the founders and CEOs of Allbirds, Everlane, FIGS, Harry's, Flexport, and Warby Parker.
Veho is a technology company that is revolutionizing package delivery for fast, transparent, and personalized deliveries that increase customer satisfaction and drive customer lifetime value. For ecommerce brands, Veho provides a tech-forward and customer-centric delivery option to ensure that the purchase experience extends all the way through product arrival into their customers' hands. By leveraging live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile driver-partners, Veho provides ecommerce brands with a complete solution to make delivery their competitive edge.
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