Veho joined the Unicorn Club on December 21, 2021, after raising a $125 million Series A funding round led by General Catalyst and Construct Capital, valuing the company at $1 billion. Headquartered in Boulder, United States, Veho provides AI-driven last-mile delivery services for e-commerce companies. With $300 million in total funding and a valuation of $1.6 billion (as of March 2022), the company leverages crowdsourced drivers and proprietary logistics technology to deliver faster, more flexible shipping solutions.
Keep reading to explore how Veho is transforming last-mile logistics with technology and a customer-first delivery model.
What Is Veho and What Does It Do?
Founded in 2016, Veho is a logistics technology company redefining last-mile delivery for the e-commerce sector. The platform connects online retailers with a network of crowdsourced drivers, who use their own vehicles to pick up and deliver packages locally. This decentralized approach allows Veho to provide same-day and next-day delivery with a high degree of flexibility and speed.
Veho’s operations are powered by AI-driven optimization and proprietary software tools, including mobile apps for drivers and operational dashboards for logistics managers. These dashboards include route planning, e-proofs of delivery (e-PODs), and AI-enabled analytics that help improve delivery accuracy and reduce operational costs.
By combining predictive analytics with real-time logistics management, Veho enables retailers to deliver a superior customer experience, offering precise delivery windows, two-way communication with drivers, and faster returns handling. This technology-first approach has positioned Veho as a leader in tech-enabled last-mile delivery, competing with logistics giants through agility and personalization.
How Much Funding Has Veho Raised?
- Series B
- Amount Raised: $170M
- Date: February 15, 2022
- Lead Investor: SoftBank Vision Fund
- Valuation: $1.6B
- Purpose: To expand Veho’s delivery footprint across major U.S. metropolitan areas and invest in automation and AI tools to improve operational scalability.
- Series A
- Amount Raised: $125M
- Date: December 21, 2021
- Lead Investors: General Catalyst, Construct Capital
- Purpose: To enhance logistics infrastructure and strengthen its driver-partner network in response to increasing e-commerce delivery volumes.
Total Funding Raised: $300M
Latest Funding Date: February 15, 2022
Current Valuation: $1.6B
Employee Count: 201–500 (as of July 1, 2024)
Annual Revenue: €63.1M (as of December 31, 2022)
Key Investors
- SoftBank Vision Fund
- Details: A global technology investment fund supporting companies leading digital transformation across logistics, AI, and automation.
- Focus Areas: Smart logistics, robotics, and last-mile delivery technologies.
- Notable Capital
- Details: A venture capital firm investing in data-driven platforms and logistics innovators.
- Focus Areas: Transportation, logistics, and e-commerce infrastructure.
- General Catalyst
- Details: A multi-stage venture capital firm backing transformative startups across consumer and enterprise markets.
- Focus Areas: AI, logistics, and mobility.
- Construct Capital
- Details: VC firm investing in early-stage companies modernizing foundational industries.
- Focus Areas: Supply chain, transportation, and industrial automation.
Where Is Veho’s Headquarters?
Veho is headquartered in Boulder, Colorado, United States, with regional operations in multiple U.S. cities to support nationwide delivery coverage. The company’s distributed model allows it to scale quickly in urban and suburban markets, offering localized fulfillment solutions for e-commerce retailers. Veho also operates tech and data science hubs focused on improving its AI logistics platform and expanding its driver engagement ecosystem.
What’s Next for Veho?
Veho plans to continue expanding its AI-enabled logistics network to cover all major U.S. metropolitan areas while maintaining a high focus on delivery reliability and sustainability. The company is actively investing in automation technologies, route optimization algorithms, and green delivery initiatives to reduce emissions.
Looking ahead, Veho aims to become the go-to logistics partner for e-commerce brands seeking flexible, customer-centric delivery solutions. With rising consumer expectations and rapid e-commerce growth, Veho’s scalable model positions it to play a defining role in the future of tech-driven last-mile logistics.
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