Omnichannel Delivery as a Service Grows with Latest Funding Round

PICKUP raised $15M in its most recent funding round, which it will put towards growing its geographic reach and scope of services.

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PICKUP expands further into tech-enabled last-mile delivery of heavy and high-value goods with its series B funding round resulting in $15 million. NewRoad Capital Partners led the round, in addition to support from current investors such as TDF Ventures, Noro-Moseley Partners and Florida Funders. 

Per Businesswire

  • PICKUP’s services are a proven solution to help retailers increase revenue. Since the launch of PICKUP Enterprise in 2020, PICKUP’s customers have seen a 2X increase in basket sizes and a 23% conversion lift with Buy Online, Deliver From Store (BODFS). Retailers with existing BODFS workstreams can accelerate their omnichannel capabilities to allow consumers to get what they need, when they need it.
  • PICKUP currently serves over 75 cities within the United States and partners with major brands including Big Lots, At Home, Trane and American Standard.