PICKUP Lands $15 Million To Help More Retailers Provide Delivery

Last-mile delivery technology provider PICKUP has landed $15 million in a NewRoad Capital Partners-led Series B funding round that saw participation from current investors Florida Funders, Noro-Moseley Partnersand TDF Ventures, according to a Tuesday (March 30) announcement.

“Businesses today require a friendly, easy and reliable last-mile delivery solution, and that’s exactly what PICKUP provides,” PICKUP Founder and Chief Good Guy Brenda Stoner said in the announcement. “PICKUP helps our customers provide advanced Buy Anywhere Delivery Anywhere (BADA) experiences. This funding will allow us to expand our services, enabling more brands and retailers to offer exceptional delivery.”

The infusion will assist PICKUP with growing its physical reach and breadth of services, further speeding up PICKUP’s expansion. PICKUP says it has grown its fulfillment capabilities to satisfy its clients’ higher and higher expectations for quick, convenient delivery service, according to the announcement.

The PICKUP Enterprise application programming interface (API) lets national merchants and companies provide same-day and scheduled delivery for all of their products — even cumbersome and high-value products.

PICKUP Enterprise utilizes PICKUP’s “Good Guy” network along with its partner network of courier services.

“NewRoad saw the combination of PICKUP’s nationwide network of Good Guys, providing two-man deliveries of big and heavy to enterprise customers, along with the PICKUP Enterprise platform, built to support eCommerce and omnichannel capabilities, as a unique offering in today’s environment,” Tracy Black, Operating Partner at NewRoad Capital Partners, said in the announcement.

As it stands, PICKUP works in over 75 U.S. cities and teams with major brands such as American Standard, Trane, At Home and Big Lots.

In separate news, reverse logistics startup ReverseLogix recently unveiled a $20 million investment, marking the first time it has landed external funding.

Investors at Cambridge Capital headed up the Series A backing, while Matt Smalley and Benjamin Gordon of Cambridge Capital will become a part of the startup’s board of directors.