Green Angel Syndicate led the first external funding round to support technology upgrades and depot expansion.
"Zedify is tackling a very serious problem, air pollution and carbon emissions in cities, in a huge, fast-growing market – local deliveries. The company has developed an efficient and differentiated solution, combining electric trikes and local depots. Zedify already shows serious traction and its franchise model will enable for rapid growth. I am really humbled and excited by this opportunity to support Rob, Sam and the team, who combine a great sense of purpose and a very successful track record in the market."
The seed round was led by Episode 1 to support the company in developing its fulfilment service.
"We started experimenting with selling online to see what problems sellers face and it was amazing how quickly it became obvious to us that this was the major one. Quite literally, no fulfilment service would touch us until we could guarantee high volume sales."
The Series A round was led by Tencent with participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.
"Today’s announcement amplifies our commitment to global markets, whilst fuelling our industry momentum as we continue to build Everledger. Having this strong investor cohort join us at this stage in our development is both validation of the innovation we’ve displayed to date, and a statement of future intent. They will support us in bringing more visibility to good business practices in industries that impact millions, if not billions of people in developing countries."
