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Packfleet, a London-based tech-enabled carbon-neutral courier service, has successfully closed an £8M ($10M) Series A funding round. The investment was spearheaded by General Catalyst and Voyager Ventures, with additional contributions from Creandum, Entree Capital, and Founder Collective.Under the leadership of CEO and Founder, Tristan Thomas, Packfleet has emerged as a leader in eco-friendly ecommerce delivery solutions since its inception in 2021. With a B Corp certification, the company has swiftly expanded its team to over 35 headquarters employees and boasts a fleet of 100+ drivers serving numerous businesses, including well-known consumer brands such as Who Gives A Crap, Pizza Pilgrims, and HURR.The infusion of capital will fuel Packfleet’s growth trajectory, particularly in solidifying its footprint within the competitive London delivery market. Additionally, the funds will be allocated towards advancing Pathfinder, the company’s proprietary routing software, enhancing operational efficiency and sustainability.In a statement regarding the funding round, CEO Tristan Thomas expressed his enthusiasm, stating, “We’re thrilled with the successful fundraising endeavor and look forward to further collaboration with General Catalyst. The addition of Voyager to our investor lineup brings invaluable climate expertise to our logistical pursuits.”
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By Proptechbuzz
By Ravi Kumar
