Packfleet raises £8m in Series A funding co-led by General Catalyst and Voyager Ventures to expand its London delivery operations
The Series A round was co-led by General Catalyst and Voyager Ventures to support software development and market expansion.
Packfleet is a carbon neutral and tech enabled courier service operating in London. The company uses proprietary routing software to deliver parcels for hundreds of merchants.
London based courier Packfleet has secured £8m in a Series A funding round co led by General Catalyst and Voyager Ventures. Existing backers including Creandum, Entree Capital and Founder Collective also participated in the raise. The capital will be deployed to cement the company position in the London delivery market and further develop its proprietary routing software, Pathfinder.
Founded in 2021 by former Monzo employees, Packfleet has scaled rapidly, achieving fivefold growth through 2023. The firm combines electric vehicle operations with custom technology to offer precise delivery windows and high reliability for merchants across the capital.
From the founder
"We’re delighted with the fundraise, and to be continuing our close work with General Catalyst. I’m also very excited to be welcoming Voyager on board, bringing their deep climate expertise to the world of logistics."
Tristan Thomas
CEO and founder at Packfleet
Investor perspective
"Since our first investment in Packfleet’s pre-seed, we have been blown away by their customers’ positive feedback on the product and delivery experience. The team has proven they can execute at speed and we believe they have made excellent progress on product, operations, revenue growth, and margin improvement. The e-commerce market in the UK is one of the largest in Europe, and we are excited to support Tristan and team on their next stage of growth."
Juliet Bailin
partner, General Catalyst
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Juliet Bailin
General Catalyst
Sarah Sclarsic
Voyager Ventures
Creandum
Entree Capital
Founder Collective