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World Leading Companies Invest in Deliv

October 30, 2018

MENLO PARK, Calif.--(BUSINESS WIRE)--Oct 30, 2018--Deliv, a leader in same day delivery that powers many of the nation’s top retailers across 35 markets and 1,400 cities, today announced that industry leading companies across multiple segments, including Google, Clayton Venture Partners, the venture capital arm of Enterprise Holdings, and a world leading automotive manufacturer, have joined its esteemed group of investors as part of its recent $40 million Series C funding round. Existing strategic and financial Deliv investors, including UPS, General Catalyst Partners, The Macerich Company, PivotNorth Capital, RPM Ventures, and Upfront Ventures, also participated in the round.

Deliv’s Series C brings together a broad base of leading technology, automotive, transportation, mall REITs, and logistics companies. The historic investment from such a wide range of strategic investors provides Deliv with support from the companies shaping the future of mobility, logistics, retail, and technology.

“The backing by our new and existing strategic investors highlights the fact that Deliv is at the forefront of megatrends connecting the world’s largest industries,” said Daphne Carmeli, founder and CEO of Deliv. “We embrace the challenge of creating the future of last mile logistics with the support of this unparalleled group of strategic investors. Deliv will continue to push boundaries and redefine the notion of convenience.”

Same day delivery is expected to explode to $55 billion in GMV in the US within the next five years, according to Business Insider Intelligence. Deliv is driving this massive shift to local same day delivery, powering over 5,000 retailers and businesses, including many of the nation’s top omnichannel retailers such as Walmart, Macy’s, Best Buy, and The Home Depot. Deliv also partners with leading shopping platforms like Google Shopping Actions and Farfetch, and e-commerce pure plays including FreshDirect, Plated, and The Bouqs Co as well as B2B companies and small businesses across the country.

According to Temando, 80 percent of consumers now expect same day delivery, and per L2, 25 percent of shoppers would abandon a cart online if same day delivery wasn’t available. For any business that sells and moves physical goods, Deliv’s same day offering is essential to compete and meet new consumer expectations of convenience.

To learn more about why Deliv was able to attract such blue chip strategic investors and how the company continues to transform last mile delivery, please visit Deliv.co.

About Deliv

Deliv is a leading crowdsourced, last mile logistics company that powers scheduled, same day delivery and returns for 5,000+ businesses including 25 of the nation’s top national omnichannel retailers as well as leading e-commerce companies, local businesses and traditional parcel carriers. Focused exclusively on moving goods, Deliv operates as a service for delivering items rather than a marketplace that sells them.

The company currently operates in 35 markets and more than 1,400 cities. Deliv is headquartered in Menlo Park, California and is backed by global leaders such as United Parcel Service, Google, Enterprise Holdings, as well as leading financial investors and the nation’s top REIT investors. For more information, visit www.deliv.co.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181030005725/en/

CONTACT: GMK Communications for Deliv

Marisa Lam, 650-544-3350

marisa@gmkcommunications.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: OTHER CONSUMER TECHNOLOGY ONLINE RETAIL SOFTWARE TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE PROFESSIONAL SERVICES REIT FINANCE OTHER AUTOMOTIVE RETAIL CONSTRUCTION & PROPERTY CONSUMER

SOURCE: Deliv

Copyright Business Wire 2018.

PUB: 10/30/2018 11:00 AM/DISC: 10/30/2018 11:00 AM

http://www.businesswire.com/news/home/20181030005725/en

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