Veho Revenue, Valuation, Funding & Investors

Veho is valued at $1.5B as of February 2022.

See full Veho profile

Last Veho valuation

$1.5B

Series B · Feb 2022

Last Veho funding round

$170M

Series B · Feb 2022

Veho revenue

$327M

Series A · Dec 2021

Key investors in Veho

  • General Catalyst
  • Industry Ventures
  • Bling Capital
  • Origin Ventures
  • Construct Capital
  • Tiger Global

Veho Overview

About Veho

Veho is a Chicago-based end-to-end parcel carrier for e-commerce brands like Thrasio and Shopify merchants. It handles 5 million deliveries quarterly using 2,000 drivers and 50 hubs across 30 U.S. cities. Launched in 2020, Veho offers same-day delivery with 99 percent on-time rates via route optimization algorithms.


Founded

2016

HQ

United StatesBoulder, CO

Status

Privately held

Customer focus

B2B

Revenue model

Services

Revenue

$327M (Dec 2021)

Valuation

$1.5B (Feb 2022)

Veho Valuation

Veho is currently valued at $1.5B, based on its Series B in February 2022.

The $170M round was led by SoftBank Group and Tiger Global, with participation from General Catalyst, Industry Ventures, Plug and Play, Origin Ventures, Construct Capital and 2 other investors.

Veho's valuation has grown 1.5x from $1B at its Series A in December 2021 to $1.5B in February 2022, across 2 priced rounds.

Veho valuation by funding round

Revenue multiple
Veho valuation by funding round
DateStageValuationRevenue Multiple
Feb 2022Series B$1.5B-
Dec 2021Series A$1B3.1x

Veho Revenue

Veho's latest recorded revenue is $327M, as of its Series A in December 2021. At a $1B valuation, that implies a 3.1x revenue multiple.

Veho revenue by funding round

Veho revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2021$327M$1B3.1xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Veho Funding History

Veho has raised a total of $299M across 3 funding rounds.

Veho's first fundraising round was a $4M seed round in July 2020. The most recent completed round was a $170M Series B in February 2022.

Veho funding rounds

Veho funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2022Series BSoftBank Group (lead); Tiger Global (lead); General Catalyst; Industry Ventures; Plug and Play; Origin Ventures; Construct Capital; Bling Capital; MANTIS Venture Capital$170M$1.5BVeho is a logistics technology company specializing in last-mile delivery for e-commerce brands, offering next-day service through a network of company-operated warehouses, crowdsourced drivers, and software that enables real-time rescheduling and address changes. The platform aims to improve efficiency, transparency, and customer control in an industry lagging in innovation, serving clients like HelloFresh, Misfits Market, and thredUP with claims of 20% higher customer repurchase rates, 40% increase in lifetime value, and improved net promoter scores compared to traditional carriers. On February 15, 2022, Veho raised $170 million in an oversubscribed Series B round led by Tiger Global, with participation from SoftBank Vision Fund 2, General Catalyst, Bling Capital, Construct Capital, Industry Ventures, Origin Ventures, and others including MANTIS Venture Capital and Plug and Play. This funding valued the company at over $1.5 billion post-money, following a Series A round six weeks earlier at $1 billion unicorn valuation, bringing total capital raised to $300 million. The rapid back-to-back raises reflect strong investor interest in last-mile delivery amid e-commerce growth and supply chain strains from the pandemic. Veho, founded in 2016 in Denver and later expanding to New York and San Francisco, planned to enter 50 markets by the end of 2022, growing headcount from 500 to over 2,000 employees, including 150 software engineers, and pursuing strategic acquisitions. Investors highlighted Veho's flexible, tech-driven model addressing residential delivery demand, with quotes from Tiger Global and SoftBank emphasizing its potential to boost conversion, loyalty, and competitive edge in a market projected to reach $146.96 billion by 2025. The round positioned Veho among hot logistics investments, comparable to Flexport's raises, as venture funding in supply chain management hit record levels.
Dec 2021Series AGeneral Catalyst (lead); Industry Ventures; Fontinalis Partners; Origin Ventures; Construct Capital; Bling Capital$125M$1BVeho is a technology company specializing in personalized next-day package delivery, leveraging proprietary technology, crowdsourced drivers, and customer-centric features like real-time tracking, rescheduling, address changes, and personal delivery instructions to improve e-commerce brand perception. The company announced a $125 million Series A funding round on December 21, 2021, led by General Catalyst at a $1 billion valuation, with participation from Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners, and Origin Ventures. This brought total funding to $130 million to date, following a $4.2 million early round in July 2020. The funding supports expansion from 14 to 50 U.S. markets by the end of 2022, team growth from 400 employees, technology improvements, and scaling a doorstep returns program. Veho partners with e-commerce brands in apparel, accessories, food, and packaged goods, delivering metrics like 20% increase in customer repurchase, 40% increase in customer lifetime value, and an 8-point NPS uplift compared to traditional shipping. More than 70% of recipients interact with Veho's delivery features. Since its seed round in summer 2020, Veho reported 40x revenue growth and aimed to maintain rapid expansion in the last-mile delivery market, valued at $108 billion globally in 2020 with significant North American growth projected.
Jul 2020SeedSpringTime Ventures; Saga Ventures$4M--

Who has invested in Veho?

12 investors have backed Veho across its funding rounds, including General Catalyst, Industry Ventures, Bling Capital, Origin Ventures, Construct Capital and Tiger Global.

Lead investors include SoftBank Group, Tiger Global and General Catalyst.


Veho Investors

Investors in Veho by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA2LeadDec 2021
Industry VenturesUnited StatesSan Francisco, CA2ParticipantDec 2021
Origin VenturesUnited StatesChicago, IL2ParticipantDec 2021
Construct CapitalUnited StatesWashington, DC2ParticipantDec 2021
Bling CapitalUnited StatesUnited States2ParticipantDec 2021
Plug and PlayUnited StatesSan Francisco, CA1ParticipantFeb 2022
Fontinalis PartnersUnited StatesDetroit, MI1ParticipantDec 2021
SpringTime VenturesUnited StatesDenver, CO1ParticipantJul 2020
SoftBank GroupJapanTokyo1LeadFeb 2022
Tiger GlobalUnited StatesNew York City, NY1LeadFeb 2022

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Acquisitions by Veho

Veho has acquired 1 company to date.

Last acquisition by Veho was on March 17th 2022. Veho acquired QuikReturn for undisclosed valuation.


Latest Acquisitions by Veho

QuikReturn
Description
QuikReturn is an eCommerce return service operating in the New York City metropolitan area. It schedules courier pickups for unwanted online purchases, handling printerless returns and consolidating shipments for retailers. Direct integrations palletize and bulk-ship returns, cutting costs and emissions in the reverse supply chain for apparel, electronics, and home goods.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date17 Mar 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Veho Competitors

Veho competitors include listed companies like Fukuyama Transporting, Shanghai Foreign Services and Mullen Group, and private ones like Loggi, Ninja Van and Shanghai ANE Logistics.

Public and private companies comparable to Veho
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Fukuyama TransportingJapanJapanPublicly listed$2B$276M$1.4B0.9x
Shanghai Foreign ServicesChinaChinaPublicly listed$3.6B$149M$1.4B0.1x
Mullen GroupCanadaCanadaPublicly listed$1.5B$230M$1.7B1.4x
LoggiBrazilSão PauloPrivate--$1.8B-
Ninja VanSingaporeSingaporePrivate$149M-$1.9B-
Shanghai ANE LogisticsChinaChongqingPrivate--$1.2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shadowfax$438M$24M3.3x2.8x60.0x49.2x
Fukuyama Transporting$2B$276M1.0x0.9x7.1x9.1x
Shanghai Foreign Services$3.6B$149M0.1x0.1x1.9x2.0x
Irish Continental Group$768M$173M2.1x2.1x9.3x9.3x
Mitsui-Soko Holdings$1.9B$213M1.0x1.0x9.4x-
KLN Logistics Group$7.2B$561M0.3x-4.2x-
SBS Holdings$3.2B$226M0.6x0.5x8.5x7.2x
Freightways Group$841M$160M2.0x1.9x10.3x9.9x

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Common questions about Veho

When was Veho founded?Veho was founded in 2016.
Where is Veho headquartered?Veho is headquartered in Boulder, CO, United States.
Is Veho publicly listed?No, Veho is a private, VC-backed company.
What is Veho's valuation?Veho was last valued at $1.5B in its Series B in February 2022.
How much funding has Veho raised?Veho has raised $299M across 3 funding rounds.
What was Veho's last funding round?Veho's last funding round was a $170M Series B in February 2022, led by SoftBank Group and Tiger Global.
Who are Veho's investors?Veho's investors include General Catalyst, Industry Ventures, Origin Ventures, Construct Capital, Bling Capital, Plug and Play, Fontinalis Partners, SpringTime Ventures, SoftBank Group, Tiger Global and 2 others.
What is Veho's revenue?Veho's latest recorded revenue is $327M (December 2021).
What is Veho's revenue multiple?Veho's latest valuation implies a 3.1x revenue multiple ($1B valuation on $327M of revenue).
Which companies are comparable to Veho?Companies comparable to Veho include Fukuyama Transporting, Shanghai Foreign Services, Mullen Group, Loggi, Ninja Van and Shanghai ANE Logistics.
How many companies has Veho acquired?Veho has acquired 1 company, including QuikReturn.

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