- Companies
- Veho
Veho Revenue, Valuation, Funding & Investors
Veho is valued at $1.5B as of February 2022.
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2022 | Series B | $1.5B | - |
| Dec 2021 | Series A | $1B | 3.1x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2021 | $327M | $1B | 3.1x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series B | SoftBank Group (lead); Tiger Global (lead); General Catalyst; Industry Ventures; Plug and Play; Origin Ventures; Construct Capital; Bling Capital; MANTIS Venture Capital | $170M | $1.5B | Veho 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 2021 | Series A | General Catalyst (lead); Industry Ventures; Fontinalis Partners; Origin Ventures; Construct Capital; Bling Capital | $125M | $1B | Veho 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 2020 | Seed | SpringTime 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 2 | Participant | Dec 2021 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Lead | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 12 Veho investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | New York City, NY |
| Deal Date | 17 Mar 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Veho acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2B | $276M | $1.4B | 0.9x | ||
| Publicly listed | $3.6B | $149M | $1.4B | 0.1x | ||
| Publicly listed | $1.5B | $230M | $1.7B | 1.4x | ||
| Private | - | - | $1.8B | - | ||
| Private | $149M | - | $1.9B | - | ||
| Private | - | - | $1.2B | - |
Veho Public Comps
Veho is still privately-owned, but its public comps include Shadowfax, Fukuyama Transporting, Shanghai Foreign Services, Irish Continental Group, Mitsui-Soko Holdings, KLN Logistics Group, SBS Holdings, Freightways Group, Mullen Group and Flex LNG.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $438M | $24M | 3.3x | 2.8x | 60.0x | 49.2x | |||
| $2B | $276M | 1.0x | 0.9x | 7.1x | 9.1x | |||
| $3.6B | $149M | 0.1x | 0.1x | 1.9x | 2.0x | |||
| $768M | $173M | 2.1x | 2.1x | 9.3x | 9.3x | |||
| $1.9B | $213M | 1.0x | 1.0x | 9.4x | - | |||
| $7.2B | $561M | 0.3x | - | 4.2x | - | |||
| $3.2B | $226M | 0.6x | 0.5x | 8.5x | 7.2x | |||
| $841M | $160M | 2.0x | 1.9x | 10.3x | 9.9x | |||
This data is available for Pro users. Sign up to see all Veho competitors and their valuation data. Start Free Trial | ||||||||
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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