US-based same-day delivery service Deliv has secured $28m in series B funding from investors including UPS Strategic Enterprise Fund, the corporate venturing unit of logistics provider UPS.
The round also included shopping centre operators General Growth Properties, Macerich, Westfield, Taubman Centers and Simon Property Group, which participated through its Simon Venture Group subsidiary. Upfront Ventures, RPM Ventures and PivotNorth Capital also contributed funds.
Founded in 2012, Deliv operates a same-day, last-mile delivery network for goods sold by third-party retailers, e-commerce companies and local businesses. The company also offers a courier service for items such as documents or supply parts.
The company’s drivers are private individuals who use the company’s smartphone app to take on as many or few delivery jobs as they want. The cash will go toward continued growth, product development and further expansion efforts across the US.
Deliv previously closed an $11.4m series A round in 2014. It raised an initial $6.85m in September 2013 from Upfront and RPM before secuing a $4.5m extension to the round from Simon Property Group, General Growth Properties, Macerich, Westfield, Upfront, RPM and unnamed investors.
Deliv obtained $1m in seed funding in March 2013 from Redpoint Ventures, Trinity Ventures, General Catalyst Partners, PivotNorth Capital and Operator’s Fund.
Alan Gershenhorn, executive vice-president and chief commercial officer of UPS, said: “Deliv has gained a strong position in the same-day delivery market by offering a unique solution that serves some of the largest retailers in the US.
“Our Strategic Enterprise Fund continues to invest in companies that have innovative business models, and we look forward to gaining further insights into the market dynamics of same-day delivery.”