February 25, 2019

Roadie secures $37 million in funding

Roadie secures $37 million in funding

Crowdsourced delivery service grows with new round of funding that includes investment from The Home Depot, company says.

By DC Velocity Staff

Crowdsourced delivery service provider Roadie has secured $37 million in a new round of funding, the company said today.

Roadie announced the new Series C funding round during LINK 2019, the Retail Industry Leaders Association supply chain conference, taking place this week in Orlando.

The funding includes investments from The Home Depot, businessman and investor Warren Stephens, and investor Eric Schmidt's TomorrowVentures, among others, and brings the Atlanta-based company's venture capital funding to a total of $62 million to date, Roadie said.

Roadie connects businesses or individuals that have items to ship with drivers who are willing to transport them. Since its launch in 2015, the last-mile delivery company has grown to include more than 120,000 drivers and has delivered to more than 11,000 cities and towns nationwide, according to the company. Roadie said it will use the funding to fuel growth, including expanding its use of machine learning to predict capacity and match deliveries to its community of drivers based on real-time supply and demand.

"Our model is a game-changer for retailers, wholesalers and consumers who want same-day delivery of any item, of any size, to any ZIP code, at any time," Roadie's founder and CEO Marc Gorlin said in a statement announcing the funding. "An investment like this further validates our crowdsourced model, which retailers are fast realizing is a highly flexible, scalable, and cost-efficient option to reach all of their customers, wherever they might live."

The funding follows Roadie's recent announcements of delivery partnerships with Delta Air Lines, The Home Depot and Walmart. It also follows an announcement last fall by Menlo Park, Calif.-based crowdsourced delivery company Deliv, which raised $40 million in funding for its same-day delivery service.

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