What is PICKUP?
PICKUP operates as a sophisticated, tech-enabled logistics platform designed to solve the complexities of same-day delivery for large-format items. By integrating a network of vetted Delivery Pros with a robust digital infrastructure, the company serves a diverse clientele spanning retail, e-commerce, healthcare, and home improvement. The firm distinguishes itself by focusing on the high-friction last-mile segment, providing businesses with the operational agility required to enhance customer loyalty and drive sales growth in an increasingly demanding retail environment.
How much funding has PICKUP raised?
PICKUP has raised a total of $22.5M across 4 funding rounds:
Angel/Seed
$600K
Private Equity
$1.9M
Series A
$5M
Series B
$15M
Angel/Seed (2014): $600K, investors not publicly disclosed
Private Equity (2017): $1.9M, investors not publicly disclosed
Series A (2018): $5M supported by TDF Ventures, Miami Angels, Engage Venture Fund, and Noro-Moseley Partners
Series B (2021): $15M featuring NewRoad Capital Partners, New York Angels, Florida Funders, Noro-Moseley Partners, TDF Ventures, and AutoTech Ventures
Key Investors in PICKUP
NewRoad Capital Partners
An operator-led investment firm specializing in high-growth companies within the supply chain, logistics, and retail technology sectors.
Noro-Moseley Partners
A firm focused on early growth equity investments for rapidly-scaling B2B technology and healthcare companies with sustainable economic models.
TDF Ventures
An early-stage venture capital firm that targets startups serving enterprise markets within infrastructure, software, and services.
What's next for PICKUP?
With the recent infusion of capital, PICKUP is positioned to accelerate its enterprise-level expansion and refine its proprietary delivery technology. The company is expected to leverage these resources to scale its operational footprint, deepen its penetration into key vertical markets, and further optimize its logistics network. As the demand for seamless, same-day delivery of bulky items continues to rise, PICKUP's strategic focus remains on maintaining its competitive edge through service reliability and technological innovation, setting the stage for potential future growth or market consolidation.
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