US-based same-day delivery service Deliv has received $40m in a series C round featuring Clayton Venture Partners, the corporate venturing arm of car rental service Enterprise Holdings.
Google, the internet technology provider that forms part of conglomerate Alphabet, also participated in the round, as did logistics provider UPS, shopping centre operator Macerich and an unnamed automotive manufacturer.
Venture capital firms General Catalyst, PivotNorth Capital, RPM Ventures and Upfront Ventures filled out the round.
Founded in 2012, Deliv operates a same-day, last-mile delivery and returns network for goods sold by third-party businesses, and a courier service for items such as supply parts and documents. Its drivers are contractors who are allocated jobs through an app.
Deliv has signed up more than 5,000 clients and is active in more than 1,400 cities. It did not specify what it intends to do with the series C funding but noted that it hopes to tap into the expertise of its new corporate backers.
UPS previously participated in the company’s $28m series B round in 2016 through its corporate venturing unit, UPS Strategic Enterprise Fund.
The series B also included Macerich and its peers General Growth Properties, Westfield, Taubman Centers and Simon Property Group, which invested through its Simon Venture Group subsidiary, as well as Upfront, RPM and PivotNorth.
Upfront and RPM supplied $6.9m for the first close of an $11.4m series A round that closed with a $4.5m extension provided by Simon Property Group, General Growth Properties, Macerich, Westfield, Upfront, RPM and undisclosed investors in 2014.
Deliv had previously secured $1m in seed capital from Redpoint Ventures, Trinity Ventures, General Catalyst Partners, PivotNorth Capital and Operator’s Fund the year before.
Daphne Carmeli, founder and chief executive of Deliv, said: “The backing by our new and existing strategic investors highlights the fact that Deliv is at the forefront of megatrends connecting the world’s largest industries.
“We embrace the challenge of creating the future of last mile logistics with the support of this unparalleled group of strategic investors. Deliv will continue to push boundaries and redefine the notion of convenience.”
