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Today: November 22, 2024
March 14, 2024
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Packfleet secures £8M in funding for expansion and growth

TLDR:

  • Packfleet, a London-based tech-enabled carbon-neutral courier, raised £8M in Series A funding.
  • The round was led by General Catalyst and Voyager Ventures, with participation from Creandum, Entree Capital, and Founder Collective.

The article discusses how Packfleet, a tech-enabled carbon-neutral courier based in London, recently secured £8M ($10M) in Series A funding. The funding round was led by General Catalyst and Voyager Ventures, with Creandum, Entree Capital, and Founder Collective also participating. Packfleet, founded and led by Tristan Thomas, specializes in providing eco-friendly courier services for ecommerce deliveries. Since its launch in 2021, the company has experienced significant growth, with over 35 HQ employees and 100+ drivers serving hundreds of businesses, including well-known brands like Who Gives A Crap, Pizza Pilgrims, and HURR. With the investment, Packfleet aims to expand its presence in the London delivery market and enhance its proprietary routing software, Pathfinder. Tristan Thomas expressed excitement about the fundraise and the opportunity to collaborate with General Catalyst and Voyager Ventures, leveraging their climate expertise to further innovate in the logistics industry.

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