Veho Tech

Veho was founded by Itamar Zur in Boston, Massachusetts, where Zur was a student at Harvard Business School,{{Cite web|url=https://www.bcheights.com/2017/05/03/merging-uber-and-ups-with-harvard-based-startup-veho/|title=Harvard-Based Tech Startup Veho Merges Uber with UPS - The Heights|first=Nathan|last=Xie|date=May 4, 2017 |website=The Heights}}{{Cite web|url=https://www.builtinnyc.com/2022/02/15/veho-raises-170m-series-b-1b-valuation-logistics-tech-unicorn|title=Logistics Tech Unicorn Veho Raises $170M Series B at $1.5B+ Valuation}}{{Cite web|url=https://www.bizjournals.com/denver/inno/stories/fundings/2022/02/16/veho-delivery-technology-colorado-series-b-venture.html|title=Weeks after unicorn-minting Series A, delivery startup back with $170M fundraise |first=Nick |last=Greenhalgh |date=16 February 2022 |website=Denver Business Journal}}{{Cite news|url=https://www.wsj.com/articles/supply-chain-technology-attabotics-misfits-11644612773|title=The Technology That's Helping Companies Thrive Amid the Supply-Chain Chaos|first=Christopher|last=Mims|date=February 12, 2022|newspaper=Wall Street Journal}} The concept of Veho originated from Zur's experience with a meal delivery subscription service, that never delivered him a package he ordered.{{Cite web|url=https://techcrunch.com/2021/12/21/next-day-package-delivery-veho-series-a/|title=Next-day package delivery startup Veho valued at $1B following $125M Series A|first=Christine|last=Hall|date=December 21, 2021|website=TechCrunch}} Zur then moved to Colorado in 2018, where Fred Cook joined as co-founder and chief technology officer.{{Cite web|url=https://www.freightwaves.com/news/next-day-delivery-unicorn-veho-acquires-e-commerce-return-firm-quikreturn|title=Next-day delivery unicorn Veho acquires e-commerce return firm QuikReturn|first=Brian|last=Straight|date=March 17, 2022}}{{Cite web|url=https://www.shipveho.com/about-us|title=About Veho}}

Veho launched as an app enabling anyone with a vehicle to deliver packages, with a pilot program that delivered over 10,000 packages in Boston.

In 2017, while Zur was still at Harvard, Veho won the prize in the Harvard Business School's annual New Venture Competition.{{Cite web|url=https://www.thecrimson.com/article/2017/4/26/2017-new-venture-competition/|title=Startups Pitch Ideas At Business School Venture Competition|first=Madeleine R. |last=Nakada |date=April 26, 2017|website=The Harvard Crimson}}{{Cite web|url=https://www.bostonglobe.com/business/2017/04/26/three-startups-take-home-apiece-harvard-competition/DeFBthkAfRaGc0iekc9NkO/story.html|title=Three startups take home $75,000 apiece in Harvard competition |first=Adam |last=Vaccaro |date=April 26, 2017 |website=Boston Globe}}

In 2019, Veho graduated from the Techstars' Boulder accelerator program and received an investment of $1 million in the same year.

By 2021, Veho had added operations in Atlanta, Central Maryland, Milwaukee, Northern Virginia, and Philadelphia, while further expanding in Texas (adding Austin, San Antonio, and Houston) and Colorado (Fort Collins and Colorado Springs).{{Cite web|url=https://www.bizjournals.com/stlouis/inno/stories/news/2022/06/28/veho-e-commerce-st-louis-expansion.html|title=Venture-backed e-commerce delivery startup Veho expands to St. Louis, opens local warehouse |first=Nathan |last=Rubbelke |date=June 28, 2022 |website=St. Louis Business Journal}}{{Cite web|url=https://www.bizjournals.com/southflorida/news/2022/05/25/veho-comes-to-florida.html|title=E-commerce company Veho expanding, hiring in South Florida |first=Erik |last=Bojnansky |date=May 25, 2022|website=South Florida Business Journal}}{{Cite web|url=https://www.bizjournals.com/jacksonville/news/2022/05/26/veho-comes-to-florida.html|title=E-commerce company Veho expanding, hiring in Jacksonville, throughout state |first=Erik |last=Bojnansky |date=May 26, 2022|website=Jacksonville Business Journal}}{{Cite web|url=https://www.bizjournals.com/orlando/news/2022/05/25/florida-orlando-jobs-veho-ecommerce-logistics.html|title=Logistics e-commerce company Veho to expand, hire workers in Orlando |first=Erik |last=Bojnansky |date=May 25, 2022|website=Orlando Business Journal}}

In 2022, Veho acquired QuikReturn, a reverse logistics company that was active in New York City and the surrounding areas.{{Cite web|url=https://www.dcvelocity.com/articles/54138-parcel-delivery-startup-veho-taps-new-funding-to-acquire-returns-specialist|title=Parcel delivery startup Veho taps new funding to acquire returns specialist}}

Veho provides last-mile delivery and returns services for e-commerce companies.{{Cite web|url=https://www.jaxdailyrecord.com/news/2022/may/09/veho-shipping-company-opening-e-commerce-last-mile-delivery-station-in-jacksonville/|title=Veho shipping company opening e-commerce last-mile delivery station in Jacksonville|date=May 9, 2022 |first=Karen Brune |last=Mathis|website=Jacksonville Daily Record}}{{Cite web|url=https://www.jaxdailyrecord.com/news/2022/may/25/veho-says-it-will-open-last-mile-service-in-jacksonville-by-year-end/|title=Veho says it will open last-mile service in Jacksonville by year-end|date=May 25, 2022 |first=Karen Brune |last=Mathis |website=Jacksonville Daily Record}} It employs independent workers for package delivery. Independent driver operators use the Veho app to select delivery routes and their pay. Drivers use their personal vehicles to fulfill next-day delivery deadlines.{{Cite web|url=https://www.bizjournals.com/denver/inno/stories/profiles/2019/09/24/boulders-veho-wants-to-be-the-uber-for-package.html|title=Boulder's Veho Wants to be the Uber for Package Delivery |first=Nick |last=Greenhalgh |date=24 September 2019|website=Denver Business Journal}} Using the company's mobile app, drivers scan and pick up packages at warehouses and then receive specific instructions for each stop, photographing the delivered packages. Package recipients can modify their delivery address, or contact the driver with specific instructions.

Multiple publications have described Veho as an Uber like service. Its services have been used by multiple companies, including HelloFresh, Misfits Market, and thredUP.{{Cite web|url=https://techcrunch.com/2022/02/15/funding-round-veho-deliver/|title=Another huge funding round gives Veho room to deliver|first=Christine|last=Hall|date=February 15, 2022|website=TechCrunch}}

Veho now operates in 42 metropolitan areas,{{Cite web|url=https://www.supplychaindive.com/news/veho-launches-delivery-northeast-boston-new-york/651931/|title=Veho launches service in 11 northeast markets}} spanning the Northeast, Mid-Atlantic, Southeast, Midwest, Southwest, and Mountain West regions of the United States. It currently provides last-mile delivery, regional sorting, or doorstep pickups services in Atlanta; Austin; Baltimore; Boston; Charlotte, North Carolina; Chicago; Cincinnati; Colorado Springs; Dallas; Denver; Fort Collins; Houston; Indianapolis; Jacksonville; Lakeland; Las Vegas; Miami; Milwaukee; Nashville; New York; Newark; Northern Virginia; Oklahoma City; Orlando; Philadelphia; Phoenix; Raleigh, North Carolina; San Antonio; South Florida; St. Louis; Tampa; Tulsa; and Waco.{{Cite web|url=https://www.bizjournals.com/southflorida/news/2022/05/25/veho-comes-to-florida.html |first=Erik |last=Bojnansky |date=25 May 2022|title=E-commerce company Veho expanding, hiring in South Florida|website=South Florida Business Journal}}{{Cite web|url=https://www.hartfordbusiness.com/article/logistics-provider-veho-opens-e-hartford-facility-as-part-of-northeast-expansion|title=Logistics provider Veho opens E. Hartford facility as part of Northeast expansion |first=Michael |last=Puffer |date=6 June 2023 |website=Hartford Business Journal}}

In December 2021, Veho became a unicorn after $125 million funding in Series A round of fundraising led by General Catalyst valued the company at $1 billion.{{Cite web|url=https://www.bizjournals.com/newyork/news/2021/12/27/veho-reaches-unicorn-status-nyc-tech-news.html|title=Veho reaches unicorn status |first=I-Chun |last=Chen |date=27 December 2021 |website=New York Business Journal}}{{Cite web|url=https://www.bizjournals.com/denver/news/2021/12/21/veho-delivery-technology-unicorn-colorado.html|title=Delivery technology startup raises $125M Series A to become unicorn |first= Nick |last=Greenhalgh|date=21 December 2021|website=Denver Business Journal}} Two months later, in February 2022, received an additional Series B funding round of $170 million led by Tiger Global and the SoftBank Vision Fund 2, increasing the company's valuation to over $1.5 billion.{{Cite news|url=https://www.reuters.com/article/veho-funding-idCNL4N2UM2IS|title=Logistics tech startup Veho valued at $1.5 bln in Tiger Global-led fundraise|newspaper=Reuters |date=February 15, 2022}}

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Category:Companies based in New York City