DeliveryCircle, LLC announced it has received a minority investment from a syndicate of financial and strategic supply chain investors, led by Cambridge Capital, NFI and other investors.
A dollar figure or other terms were not disclosed.
“DeliveryCircle has developed an outstanding software-based, on-demand solution to enable enterprises to efficiently offer same-day delivery of critical goods to its customers”, stated Benjamin Gordon of Cambridge Capital. “We are pleased to be partnering with DeliveryCircle to help continue its rapid growth within the $3 billion segment of same-day delivery services.”
“As the final mile space continues to mature, we are excited to be able to stand behind a company that has an innovative approach to a fast-moving segment of logistics. With Delivery Circle’s strong leadership team and technical expertise, its technology can prove to be a significant differentiator for final mile customers around the United States,” said Sid Brown, CEO of NFI.
“I am thrilled to bring together this outstanding syndicate of partners to help us continue to expand and deepen our software and service offerings,” stated Vijaya Rao, CEO of DeliveryCircle. “This is a uniquely qualified group of investors and we believe there is a tremendous opportunity to combine DeliveryCircle’s innovative technology and their collective industry expertise for the benefit of our large enterprise customers.
DeliveryCircle is a privately-held company seeking to disrupt the traditional last mile logistics industry by offering f same day delivery options to enterprise customers.
Through Delivery Circle’s software and mobile application, clients are able to match package sizes with a pool of drivers and a variety of vehicle types. For more information about DeliveryCircle, please visit http://www.deliverycircle.com. The company was founded in 2014 and is based near Newark.
