About Veho
Veho is a company based in Boulder (United States) founded in 2016 by Itamar Zur and Fred Cook. It operates as a On-Demand Services, and Crowdsourcing Model. Veho has raised $299.28 million across 5 funding rounds from investors including SoftBank Vision Fund, Techstars and Tiger Global. Veho has completed 1 acquisition, including QuikReturn. Veho offers products and services including Last Mile Delivery and Premium Economy Delivery. Veho operates in a competitive market with competitors including AxleHire, PICKUP, Frayt Technologies, GoShare and TUYA, among others.
- Headquarter Boulder, United States
- Founders Itamar Zur, Fred Cook
- Stage Unicorn
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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 Veho Tech, Inc.
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Annual Revenue
$66.5 M (USD)26as on Dec 31, 2022
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Net Profit
$3.9 M (USD)3421as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$299.28 M (USD)
in 5 rounds
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Latest Funding Round
$170 M (USD), Series B
Feb 15, 2022
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Investors
SoftBank Vision Fund
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Veho
Veho offers a comprehensive portfolio of products and services, including Last Mile Delivery and Premium Economy Delivery. 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.
Last mile delivery solutions are provided for e-commerce brands.
Premium economy delivery options are offered for faster shipping.
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Operations Team
30 people
Software Development Team
22 people
Senior Team
7 people
Product Management Team
6 people
Leadership Team
5 people
Human Resources and Administration
5 people
Finance and Accounting
4 people
Sales and Marketing
3 people
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Funding Insights of Veho
Veho has successfully raised a total of $299.28M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $170 million completed in February 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 5
- Last Round Series B — $170.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Veho | Valuation | Tiger Global Management , SoftBank Vision Fund | |
| Dec, 2021 | Amount | Series A - Veho | Valuation | General Catalyst , Construct Capital | |
| Jul, 2020 | Amount | Series A - Veho | 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 Veho
Veho has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include SoftBank Vision Fund, Techstars and Tiger Global. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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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 |
| 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 Veho
Veho has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include QuikReturn. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Web-based reverse logistics solutions are provided for e-commerce returns.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Veho
| 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 |
Veho Comparisons
Competitors of Veho
Veho 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, PICKUP, 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 |
On-demand same-day delivery services are enabled via a crowdsourced platform.
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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 |
|---|---|---|---|---|
| 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 Veho
Frequently Asked Questions about Veho
When was Veho founded?
Veho was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Veho located?
Veho is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Who is the current CEO of Veho?
Itamar Zur is the current CEO of Veho. They have also founded this company.
Is Veho a funded company?
Veho is a funded company, having raised a total of $299.28M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.16M, raised on Mar 07, 2017.
What is the annual revenue of Veho?
Annual revenue of Veho is $66.5M as on Dec 31, 2022.
What does Veho do?
Last mile delivery services are offered by Veho, focusing on e-commerce brands. Operations are conducted almost every day, including weekends and holidays, ensuring industry-leading transit times. Competitive and transparent pricing is maintained, even during peak seasons. Personalized delivery experiences and real-time support are provided to both brands and customers. A crowdsourced driver network is utilized to enhance flexibility and control in delivery scheduling. Exceptional customer service is prioritized with next-day and two-day delivery options.
What products or services does Veho offer?
Veho offers Last Mile Delivery and Premium Economy Delivery.
How many acquisitions has Veho made?
Veho has made 1 acquisition, including QuikReturn.
Who are Veho's investors?
Veho has 11 investors. Key investors include SoftBank Vision Fund, Techstars, Tiger Global, General Catalyst, and Bling Capital.
What is Veho's valuation?
The valuation of Veho is $1.6B as of Feb 2022.
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