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Dispatch Series B Funding Focused On Team Growth
Andrew Leone
Published on:
July 2, 2020
Updated on:
August 23, 2024
Published on:
July 2, 2020
Updated on:
August 23, 2024
To live out one of our core values, transparency, I wanted to share a message on the growth of Dispatch in 2020. Dispatch recently completed its Series B round of funding, securing over $11 million to power growth. This is a major accomplishment for Dispatch, and this investment will help us to accelerate market expansion and double our product and engineering teams.
Since 2016, Dispatch has grown from operating in one market to nearly 40 across the country. In 2019, the Dispatch team was extremely successful at executing market launches, opening 23 new locations. All of the Dispatch departments collaborated seamlessly to increase Dispatch’s delivery service reach. The past success of market launches led us to a tech-driven strategy and an overall product-led approach in 2020.
Now with Series B complete, we can take this market expansion and focus on the people who power the platform. We are doubling down on growth so we can execute our strategy, expand into 55+ markets by the end of the year, and develop our talent.
This investment round will drive our product-led growth and allow us to deliver more to our customer and driver base. This acceleration will enable us to focus on growth through our technology — enhancing the mobile app and the independent contract driver experience. It will also provide product improvements, new service offerings, and software integrations for customers.
I want to thank our investors Trinity Private Equity Group, Revolution's Rise of the Rest, Great North Labs, Labora, and Hyde Park Angels for their continued support and belief in Dispatch. I also want to thank Dispatch employees, customers, and drivers for powering the delivery platform.
Let’s keep the rocket ship rising and continue to lead the final-mile delivery and logistics space.
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