Packfleet raises $10 million in Series A funding 🥳

Tristan live from the Sky News studio

We're very happy to share that Packfleet has raised $10 million in Series A funding.

And that's not all – our CEO and Co-founder, Tristan Thomas, announced the news live on Sky News!

The round was co-led by General Catalyst, an early Packfleet investor, and Voyager Ventures, a leading early-stage climate fund. All of our existing investors also participated in the funding round – a roster that includes Creandum, Entree Capital and Founder Collective.

Exciting news! And what does it mean for Packfleet?

The new funds will bolster our presence in the London delivery market – where around 500 million parcels are delivered to 10 million Londoners each year – and support the expansion of our increasing roster of merchants.

This fundraise will also help take Pathfinder – our proprietary routing software that has been instrumental to Packfleet's growth – to another level of accuracy, efficiency and scale.

And finally, it will accelerate our plans to bring Packfleet deliveries to other UK cities later this year!

2023 was a huge year for us – one that saw our delivery volumes grow fivefold – and 2024 is shaping up to be even bigger...

Stay tuned!