Bellevue-based Pandion has raised a $41.5 million Series B round, the shipping startup announced Thursday.
With the funding, the company plans to grow its network. Pandion also named four new senior leaders, including former Flexport and Amazon vet Brent Cervenka as chief operating officer.
“With this new funding and the expansion of our leadership team, Pandion is positioned to disrupt e-commerce delivery for brands of all sizes,” Pandion founder and CEO Scott Ruffin said in a release.
Pandion was founded in 2020 but launched out of stealth in 2021. The company helps shippers with their final-mile delivery, as it offers a network of more than 500,000 final-mile drivers. Pandion uses machine learning to choose the best final-mile carrier.
Ruffin was head of Amazon Air for almost five years, and he spent more than a year as the vice president and head of Walmart's e-commerce transportation business.
The company also has its own sorting centers, according to its website.
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Revolution Growth led the Series B round, while Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, Schematic Ventures, Proof and Sentinel Global participated.
Revolution Growth has also invested in the identity verification company Clear and the daily fantasy platform DraftKings.
Pandion in 2021 raised $30 million, including a $22.5 million Series A round and a $7.5 million follow-on investment.
Cervenka spent more than a year at Flexport as vice president of operations in the Americas, according to his LinkedIn page. He spent more than 15 years at Amazon earlier in his career.
Jeff Petersen, a former Flexport and Walmart executive, has joined Pandion as head of network design and strategy. This is Petersen's second stint with Pandion, as he spent two years at the company from 2021 to 2023.
Jay Sackos is Pandion's new vice president of sales, bringing experience from Dolly and Schneider National.
Former Veho and Walmart executive Austin Luhman has taken the head of product role at Pandion.
