Darkstore, an on-demand delivery fulfillment startup, has raised $1.4 million in seed financing from PivotNorth Capital. The company plans to use the funding to launch in new markets and expand its team. Tim Connors, general partner of PivotNorth, will join the company’s Board of Directors.
“PivotNorth brings tremendous value to Darkstore,” said Lee Hnetinka, CEO of Darkstore in a statement. “Tim has an impressive track record of investing early in some of the most successful technology companies. He has a deep understanding of the market and shares our vision for democratizing operations and logistics so any retailer can offer the same affordable and convenient delivery options as e-Commerce giants and big-box stores.”
Darkstore provides one-hour and same-day delivery for direct to consumer e-Commerce companies, through partnerships with last mile delivery companies such as Deliv and UberRUSH. It currently operates in San Francisco, New York and Phoenix. With the funding, Darkstore will expand to three new markets: Chicago, Los Angeles and Seattle.
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Darkstore, which works with e-Commerce companies such as Tuft & Needle, Frank + Oak and Wildfang, previously received $270,000 in initial funding from Gary Fritz, former President of Expedia and current Chief Growth Officer at Trip Advisor.
