Veho builds a technology-driven last-mile delivery service that lets customers choose when, where and how packages are delivered, offers doorstop returns and provides real-time communication throughout delivery. The company emphasizes transparency and an integrated platform designed to improve conversion and customer loyalty for e-commerce brands. Veho reports rapid recent growth: in January it grew revenue 40% and its customer base 20%, and it maintains a 99.9% on-time delivery rate. The company is investing the new capital in technology and infrastructure, including warehouse automation, and plans significant hiring and benefits improvements. Veho currently has about 500 employees and plans to expand headcount to 2,000 by year-end while accelerating location growth. Veho is a New York-based startup that applies software and orchestration to next-day last-mile package delivery, matching demand with qualified driver partners and providing real-time delivery windows and communications. Its platform lets customers choose when, where and how deliveries occur, reschedule in real time, change addresses, and provides visibility and data for merchants. Since a seed round in summer 2020 Veho has grown revenue 40x and expanded headcount from 15 to 400 employees, and it reports customer metrics including a 20% increase in repurchase rates, a 40% increase in customer lifetime value and an eight-point boost to NPS versus traditional shippers. Veho operates in 14 U.S. markets and plans to expand to 50 markets by the end of 2022. The company intends to use new funding to invest in technology development, grow the team and introduce and scale a doorstep returns program. Veho positions itself against national carriers by building its service specifically around e-commerce needs and faster fulfillment.

Total raised

$295M

Funding rounds

2

Latest round

Series B

Latest activity

Feb 2022