Same-day delivery service picks up $2.25M seed round
The same-day delivery industry is changing — that is if Michigan-based Huron River Ventures has anything to say about it.
Huron River Ventures, a Ann Arbor-based early stage venture capital firm with a Grand Rapids office, has led a $2.25 million seed fundraising round, with New York-based FirstMark Capital, for Zipments.
New York-based Zipments is a same-day delivery service that serves the New York and Grand Rapids markets.
The $2.25 million is intended to allow Zipments to enhance and develop its technology platform and expand into new markets.
Huron River Ventures says it invests in disruptive capital-efficient companies that re-shape industries, including logistics and transportation.
“Zipments’ innovative technology and tools will change the way businesses service their customers and the way in which goods are obtained,” said Tim Streit, managing director of Huron River Ventures. “Zipments has created a seamless and convenient local delivery experience for businesses, couriers and customers."
Dick DeVos’ The Windquest Group, Chicago Ventures, New York City Economic Development Corporation and Novex Couriers CEO Robert Safrata also were involved in the round.
Founded in 2010 in New York City by Garrick Pohl, Elliot Nelson and Travis Brack, Zipments is an online service that offers same-day local deliveries by connecting networks of professional couriers with businesses and consumers who need something delivered.
The premise is simple: if someone needs something delivered, they can use Zipments to name their price and connect with someone who can make the delivery for them.
The deliveries, which can be done on bike, car or truck, can be set up online via Zipments’ website or by its mobile iOS app.
The deliveries can also be tracked in real-time once a courier has the package.
“We believe we can help revitalize and re-tool the global $20 billion same-day delivery industry,” said Pohl, CEO of Zipments. “Today’s courier companies are running at dial-up speed, using outdated, inefficient business tools, while trying to service a broadband world. We’ve created an efficient platform for local delivery services to better serve retailers and businesses around the world.”