Last-mile delivery solution provider Pickup has closed a $15 million Series B funding round. The new capital will be used for “aggressive expansion” of the company’s “buy anywhere, deliver anywhere” offerings, including expanding Pickup’s geographic reach, scope of services and fulfillment capabilities.
Pickup currently serves more than 75 cities across the U.S., partnering with retailers and commercial organizations that include Big Lots, At Home, Trane and American Standard.
The company’s integrated API solution, Pickup Enterprise, enables organizations to offer same-day and scheduled delivery of their full assortment of goods — including big, heavy and high-value items — whether they are purchased online or in store. Deliveries are fulfilled through Pickup’s “Good Guy” network of gig workers, as well as a partner network of small parcel courier services that includes Postmates.
“Businesses today require a friendly, easy and reliable last-mile delivery solution, and that’s exactly what Pickup provides,” said Brenda Stoner, Founder and Chief Good Guy at Pickup in a statement. “This funding will allow us to expand our services, enabling more brands and retailers to offer exceptional delivery.”
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With the new investments, Pickup has raised a total of $26 million in funding to-date, according to Crunchbase.
This most recent round was led by NewRoad Capital Partners with participation from existing investors TDF Ventures, Noro-Moseley Partners and Florida Funders. Additional investors in the round include Autotech Ventures and the New York Angels.
