About PICKUP
PICKUP is a company based in Addison (United States) founded in 2014.. PICKUP has raised $28.74 million across 4 funding rounds from investors including NewRoad Capital Partners, TDF Ventures and Noro-Moseley Partners. The company has 128 employees as of December 31, 2021. PICKUP offers products and services including Same Day Delivery and API Solution. PICKUP operates in a competitive market with competitors including AxleHire, Veho, Frayt Technologies, GoShare and TUYA, among others.
- Headquarter Addison, United States
- Employees 128 as on 31 Dec, 2021
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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
*********
- Legal Name Pickup Now, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.74 M (USD)
in 4 rounds
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Latest Funding Round
$21.23 M (USD), Series B
May 02, 2022
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Investors
NewRoad Capital Partners
& 8 more
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Employee Count
128
as on Dec 31, 2021
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Products & Services of PICKUP
PICKUP offers a comprehensive portfolio of products and services, including Same Day Delivery and API Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tech-platform for quick transport of goods like furniture.
Fully-integrated system for seamless business delivery experiences.
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Funding Insights of PICKUP
PICKUP has successfully raised a total of $28.74M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $21.23 million completed in May 2022. 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 4
- Last Round Series B — $21.2M
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First Round
First Round
(08 Apr 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - PICKUP | Valuation | NewRoad Capital Partners | |
| Nov, 2018 | Amount | Series A - PICKUP | Valuation | TDF Ventures , Noro-Moseley Partners | |
| Jan, 2017 | Amount | Seed - PICKUP | Valuation |
investors |
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| 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 PICKUP
PICKUP has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include NewRoad Capital Partners, TDF Ventures and Noro-Moseley Partners. 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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An operator-led investment firm focused on smarter commerce solutions.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by TDF Ventures in US companies.
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Founded Year | Domain | Location | |
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Tech and Life Sciences focused VC firm investing in the US
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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 PICKUP
| 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 - PICKUP
| 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 |
Pickup Comparisons
Competitors of PICKUP
PICKUP 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 AxleHire, Veho, Frayt Technologies, GoShare and TUYA, 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 |
Same-day last-mile delivery is provided for e-commerce and retail businesses.
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| domain | founded_year | HQ Location |
AI-enabled last-mile delivery services are provided to e-commerce companies.
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| domain | founded_year | HQ Location |
Offers a platform providing on-demand last-mile delivery services
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| domain | founded_year | HQ Location |
On-demand delivery and moving services are facilitated through vetted professionals.
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| domain | founded_year | HQ Location |
App-based platform for crowsourced same-day delivery services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Pickup
Frequently Asked Questions about PICKUP
When was PICKUP founded?
PICKUP was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is PICKUP located?
PICKUP is headquartered in Addison, United States. It is registered at Addison, Texas, United States.
Is PICKUP a funded company?
PICKUP is a funded company, having raised a total of $28.74M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.91M, raised on Apr 08, 2015.
How many employees does PICKUP have?
As of Dec 31, 2021, the latest employee count at PICKUP is 128.
What does PICKUP do?
A platform for on-demand same-day delivery was established in 2014 in Addison, United States, within the logistics sector. Crowdsourced connections are facilitated between pick-up truck or van owners and users seeking to transport goods. Bookings are handled through the website by specifying delivery addresses. Services support clients such as Trane, American Standard, and HomeGoods, focusing on efficient local movement of products.
What products or services does PICKUP offer?
PICKUP offers Same Day Delivery and API Solution.
Who are PICKUP's investors?
PICKUP has 9 investors. Key investors include NewRoad Capital Partners, TDF Ventures, Noro-Moseley Partners, Florida Funders, and Autotech Ventures.
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