Deliverr, a technology company that provides on-demand, same-day delivery of goods and services, has raised $170 million in a Series C funding round led by Coatue Management.
This latest round of funding brings Deliverr’s total raised to date to $240 million, which will help the company expand its operations and continue developing its technology platform.
With this latest infusion of cash, Deliverr is well-positioned to continue disrupting the ecommerce landscape and bringing same-day delivery to more retailers and consumers around the globe.
History
Deliverr was established on the 14th of July 2014, and was founded by Jordan Cohen and James Beriker. The headquarters of the company are located in San Francisco, California.
In February 2019, Deliverr raised $10 million in seed funding led by GGV Capital. In September 2019, the company announced a $170 million Series C round led by Coatue Management and joined by existing investors GGV Capital, Redpoint Ventures, Founder Collective, Forerunner Ventures, Amplify Partners, FirstMark Capital, and Sternlicht Investing. In May 2020, Deliverr announced it had raised an additional $240 million in Series D funding led by Coatue Management with participation from all significant previous investors, including GGV Capital, Redpoint Ventures, Founder Collective, Forerunner Ventures, Amplify Partners, FirstMark Capital, and Sternlicht Investing.
In December 2019, Deliverr was named one of Forbes’ Next Billion-Dollar Startups.
Business model
Deliverr’s business model has two main components: 1) a marketplace that connects businesses with a network of logistics providers, and 2) an order management system (OMS) that helps businesses keep track of their inventory levels across multiple warehouses and locations.
The company charges businesses a monthly subscription fee for access to the OMS and a per-order fee for each order fulfilled through the marketplace.
Logistics providers in the Deliverr network are paid based on the volume of orders they fulfill and a performance-based bonus.
Services
Deliverr offers fulfillment services for businesses of all sizes, from small to large enterprises. The company has fulfillment centers in the United States, Canada, and Europe.
The company offers two primary services: 1) a marketplace that connects businesses with a network of logistics providers and 2) an order management system (OMS) that helps businesses keep track of their inventory levels across multiple warehouses and locations.
The Deliverr marketplace offers two tiers of service: Standard and Express. Standard orders are fulfilled within 5 days, while Express orders are fulfilled within 2 days.
The Deliverr OMS is a cloud-based software platform that helps businesses manage their inventory levels across multiple warehouses and locations. The OMS includes real-time inventory management, order tracking, and reporting features.
Deliverr also offers a fulfillment API that allows businesses to integrate the Deliverr marketplace and OMS into their ecommerce platforms and marketplaces.
In May 2020, Deliverr announced a partnership with Shopify, allowing Shopify merchants to connect their stores to the Deliverr marketplace and fulfill orders through the Deliverr network.
In September 2020, Deliverr announced a partnership with Walmart, allowing Walmart sellers to connect their stores to the Deliverr marketplace and fulfill orders through the Deliverr network.
Awards and recognition
In December 2019, Deliverr was named one of Forbes’ Next Billion-Dollar Startups.
In May 2020, Deliverr was named one of CNBC’s Upstart 100, a list of the world’s top young startups.
In June 2020, Deliverr was named one of Inc. Magazine’s Best Workplaces for 2020.
Related FAQs
What is Deliverr?
Deliverr is a company in the field of technology which offers same-day, on-demand delivery of services and goods. The company was established at the end of 2014 by Jordan Cohen and James Beriker with headquarters located in San Francisco, California.
What is the mission of Deliverr?
The mission of Deliverr is to make fast, reliable, and affordable delivery available to everyone.
How does Deliverr work?
Deliverr partners with local businesses to provide on-demand delivery services. Customers can order products and services from local businesses through the Deliverr app or website, and a Deliverr driver will pick up and deliver the items within the same day.
What are the benefits of using Deliverr?
Some of the benefits of using Deliverr include same-day delivery, tracking of your order in real-time, and customer support. Deliverr also offers a money-back guarantee if you are unsatisfied with your experience.
What is the history of Deliverr?
Deliverr was created at the end of 2014 and was founded by Jordan Cohen and James Beriker. The headquarters of the company is located in San Francisco, California.
