Deliverr

Deliverr co-founder launches ‘AI teammate’ for logistics, raises $25M

Augment, an AI-driven logistics platform, announced Tuesday it has raised a $25 million seed funding round from 8VC. The company, founded by Harish Abbott, has created an “AI teammate”, Augie, designed to organize operations for logistics operations. 

Abbott’s journey to founding Augment was deeply rooted in his experience in logistics and technology. The initial stages of his career at Amazon involved developing fulfillment software, which gave him critical insight into complex logistics...

https://www.freightwaves.com/news/deliverr-co-founder-launches-ai-teammate-for-logistics-raises-25m

Shopify acquiring Deliverr for $2.1B, looks to improve fulfillment network

white delivery van on highway

Shopify on Thursday announced it is acquiring last-mile technology company Deliverr for $2.1 billion. Deliverr provides management software to manage final-mile deliveries through an asset-light network of warehouse, carrier and last-mile partners.

“Our goal is to not only level the playing field for independent businesses but tilt it in their favor — turning their size and agility into a superpower,” Tobi Lütke, Shopify’s CEO, said in a statement, which accompanied Q1 earnings. “Together with...

https://www.freightwaves.com/news/shopify-to-buy-last-mile-delivery-tech-firm-deliverr

Deliverr breaks $2B valuation with series E raise

E-commerce fulfillment technology company Deliverr announced Monday it has reached a $2 billion valuation after closing its $250 million series E round led by its newest investor, Tiger Global. Its existing investors, 8VC, Activant, GLP Capital Partners, Brookfield Technology Partners and Coatue, participated in the round as well.

Deliverr has raised a total of $490 million since 2018, supplying competitive fulfilment services to merchants that use marketplace platforms to sell its products,...

https://www.freightwaves.com/news/deliverr-breaks-2b-valuation-with-series-e

Biden’s Postal Service nominees could mean DeJoy ouster

President Joe Biden plans to replace two U.S. Postal Service board of governors members in a move Washington insiders say could be a potential first step to removing Postmaster General Louis DeJoy.

Derek Kan, an executive with warehouse and delivery startup Deliverr, would replace John Barger, according to a White House announcement on Friday. Kan previously served in the Trump administration in the Office of Management and Budget and as an undersecretary at the U.S. Department of Transportation...

https://www.freightwaves.com/news/bidens-postal-service-nominees-could-mean-dejoy-ouster

AxleHire brings its last-mile delivery service to Chicago area

Fresh off a $20 million Series B funding round, last-mile delivery firm AxleHire has announced its expansion to the Chicagoland area. The expansion represents AxleHire’s 10th sortation center. 

In addition to Chicago, AxleHire currently operates and has sortation centers in Dallas, Houston, Los Angeles, San Diego, San Francisco, New York, Phoenix, Seattle and Portland, Oregon.

AxleHire, based in Emeryville, California, offers same-day and next-day delivery service through an asset-light...

https://www.freightwaves.com/news/axlehire-brings-its-last-mile-delivery-service-to-chicago-area

8VC files for two new funds, intends to raise over $1B

Austin, Texas-based 8VC, a venture firm within the logistics industry, has submitted filings with the U.S. Securities and Exchange Commission for two new venture capital funds this week. The funds, 8VC Opportunities Fund II L.P. and 8VC Fund IV L.P., intend to raise $880 million and $640 million, respectively.

While the firm has not addressed what type of investments the new funds will be for, 8VC has been acclaimed for its investments in supply chain technology companies.

Last month, 8VC was...

https://www.freightwaves.com/news/8vc-files-for-two-new-funds-intends-to-raise-over-1b

Warehouse firm Deliverr snags $170 million in funding

Warehouse and delivery startup Deliverr said Wednesday it has raised an additional $170 million, including a $135 million Series D funding round led by venture capital firm Coatue and a $35 million convertible note led by Brookfield Technology Partners. Existing investors such as 8VC, Activant Capital and GLP also participated, San Francisco-based Deliverr said.

The latest round brings to $240 million the total capital raised by the company, which positions itself as an “asset-light” warehouse...

https://s29755.pcdn.co/news/warehouse-firm-deliverr-snags-$170-million-in-funding