Other investors in the latest round included Warren Stephens of Stephens Inc. and TomorrowVentures, a venture fund founded by Eric Schmidt, former executive chairman of Google and Alphabet. Combined with earlier investments, Roadie said it has raised $62 million from investors.
By enabling drivers to make deliveries with their personal vehicles Roadie said its same-day delivery footprint now reaches 89 percent of U.S. households.
Home Depot uses the company for deliveries, as does Walmart for groceries and Delta Air Lines for delayed baggage.
Roadie said its “partnerships” with those companies have allowed it to “strengthen its foothold in 224 metro areas across the country. Many of these metro areas were initially launched with consumers and small businesses, but have now scaled to meet the needs of enterprises delivering anything up to 100 miles around every major city in America.”
Mark Holifield, executive vice president of supply chain at Home Depot, said his company is “committed to building the fastest, most efficient supply chain in home improvement, and our customers have made it clear that same-day or next-day deliveries to their homes and job sites are a critical part of that.”
Other backers of Roadie are the UPS Strategic Enterprise Fund David Bonderman, founder of TPG Capital; Guggenheim Partners’ Executive Chairman Alan Schwartz; and Square Co-founder Jim McKelvey.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now