About Packfleet
Packfleet is a company based in London (United Kingdom) founded in 2021 by Tristan Thomas, Hugo Cornejo, and Josh Garnham.. Packfleet has raised $21.87 million across 3 funding rounds from investors including General Catalyst, Creandum and Entree Capital. The company has 5 employees as of March 31, 2023. Packfleet operates in a competitive market with competitors including HerdGroup, Fernhay, RideCommerce, XeroE and GOGO Green, among others.
- Headquarter London, United Kingdom
- Employees 5 as on 31 Mar, 2023
- Founders Tristan Thomas, Hugo Cornejo, Josh Garnham
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Packfleet Ltd
- Date of Incorporation 24 Mar, 2021
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.87 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series A
Mar 11, 2024
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Investors
General Catalyst
& 14 more
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Employee Count
5
as on Mar 31, 2023
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Funding Insights of Packfleet
Packfleet has successfully raised a total of $21.87M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.0M
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First Round
First Round
(08 Jul 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Packfleet | Valuation | General Catalyst , Voyager | |
| Apr, 2022 | Amount | Seed - Packfleet | Valuation | Creandum | |
| Jul, 2021 | Amount | Seed - Packfleet | Valuation | Entree Capital , General Catalyst |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Packfleet
Packfleet has secured backing from 15 investors, including venture fund and angel investors. Prominent investors backing the company include General Catalyst, Creandum and Entree Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital investments and support services are offered to early-stage tech startups.
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Founded Year | Domain | Location | |
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Investments are directed toward pre-seed to Series C technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Packfleet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Packfleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Packfleet Comparisons
Competitors of Packfleet
Packfleet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HerdGroup, Fernhay, RideCommerce, XeroE and GOGO Green, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides fleet management, vehicle rental, and remarketing solutions for corporate clients.
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| domain | founded_year | HQ Location |
Last-mile delivery solutions are provided via electric vehicle fleet.
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| domain | founded_year | HQ Location |
An AI-based mobility and last-mile delivery solutions for electric vehicles
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| domain | founded_year | HQ Location |
Electric vehicles are booked online for emission-free deliveries.
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| domain | founded_year | HQ Location |
A platform providing last-mile delivery services using an electric vehicle fleet for efficient logistics.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Packfleet
Frequently Asked Questions about Packfleet
When was Packfleet founded?
Packfleet was founded in 2021.
Where is Packfleet located?
Packfleet is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Packfleet?
Tristan Thomas is the current CEO of Packfleet. They have also founded this company.
Is Packfleet a funded company?
Packfleet is a funded company, having raised a total of $21.87M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.38M, raised on Jul 08, 2021.
How many employees does Packfleet have?
As of Mar 31, 2023, the latest employee count at Packfleet is 5.
What does Packfleet do?
Packfleet was founded in 2021 in London, United Kingdom, as a provider of web-based last-mile delivery management services. Operations including shipment tracking, customer notifications, real-time information updates, proof-of-delivery documentation, and accounts management are facilitated through the platform. The solution supports logistics in the e-commerce and delivery sector, enabling coordination of final-stage shipments across urban and regional areas.
Who are the top competitors of Packfleet?
Packfleet's top competitors include XeroE, RideCommerce and Fernhay.
Who are Packfleet's investors?
Packfleet has 15 investors. Key investors include General Catalyst, Creandum, Entree Capital, Founder Collective, and Voyager.