Packfleet Secures $10 Million for London Expansion and Innovation
Leading early backer VC General Catalyst has doubled down on their support for Packfleet in their recent funding round, which was co-led with Voyager Ventures, a prominent early-stage climate fund. The cash raised in the Series A fundraise will solidify Packfleet's position in the London delivery market and allow for further development of their proprietary routing and delivery software. With a 5x growth in 2023 and record-breaking delivery figures in the closing months, Packfleet is poised for continued success.
The newly acquired £8 million ($10 million) will not only bolster Packfleet's presence in London but also support the expansion of their merchant base.
The company has made significant progress since its launch in 2021, growing to more than 35 employees at their headquarters and over 100 drivers serving businesses like Who Gives A Crap, Pizza Pilgrims, and HURR. With an impressive 0.07% parcel failure rate and a focus on sustainability, Packfleet is setting a new standard for the logistics industry.
Tristan Thomas, CEO and founder of Packfleet, expressed his excitement about the fundraise and the continued partnership with General Catalyst and Voyager. The investors are equally enthusiastic about Packfleet's potential for growth and impact on the market. With a strong focus on decarbonization, Packfleet is poised to revolutionize last-mile logistics and lead the way towards a greener future for parcel delivery.
They've invested in Packfleet
Get to know these Greentech investors
Click here for a full list of 6,908+ startup investors in the UK