Logistics Solutions Provider Pickup Closes $5 Million Funding Round
Pickup, an on-demand last-mile logistics solutions provider, has closed a $5 million funding round, according to a Nov. 13 press release. Funds from the round, led by TDF Ventures and Noro-Moseley Partners, will be used for market expansion, growing the product platform and adding staff in key areas.
Pickup offers its customers a team of “Good Guys” that helps enable the delivery of large items. Pickup’s platform allows for dispatching product delivery to the nearest qualified Good Guys in as little as 30 seconds. It currently operates in 26 markets, with plans for expansion.
“Our focus is to help our retail partners create ‘wow’ delivery experiences … so they can win more customers and keep them forever,” Pickup CEO Brenda Stoner said. “This funding will fuel the resources and talent to scale our geographic coverage and technology capabilities so we can reach more cities, more stores and more customers.”
TDF Ventures invests in seed and Series A stage startups that focus on infrastructure, software and services. Noro-Moseley is an early growth equity firm that invests in information technology and health care businesses.
