New York – February 17, 2022 – Cooley advised Veho, a technology-driven logistics company, on its $170 million Series B, which brings the company’s valuation to more than $1.5 billion. Lawyers Jeff Laretto, Alex Abelson and Katharina Schwarz led the Cooley team advising Veho.
This latest funding, just six weeks after Veho closed its oversubscribed Series A round, was led by Tiger Global, with participation by SoftBank Vision Fund 2 and other investors. With the additional capital, the company plans to accelerate new market launches and expand its warehouse automation capabilities. Veho also intends to scale its recently launched doorstep returns program nationally and continue investing in the customer experience.
“In an incredibly complex industry that has historically lagged in innovation and customer focus, we’re bringing greater efficiency, transparency and control,” Itamar Zur, co-founder and CEO of Veho, said in a press release. “Our brand partners are looking for an accelerated path into new markets, and more ways to bring the customer to the forefront to increase brand loyalty and lifetime value.”
Veho provides a tech-forward and customer-centric delivery option for ecommerce brands that value the customer delivery experience of their products. The company’s proprietary technology platform leverages live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile driver-partners.
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