Dispatch, a local tech company offering an on-demand delivery platform, announced Wednesday that it had secured $11.15 million in Series B funding.
The round was led by Trinity Private Equity Group along with continued support from previous investors such as Revolution's Rise of the Rest Fund, Great North Labs, and Labora. Trinity also led Dispatch's last round of funding in 2018.
Founded in 2016, Dispatch has grown from operating in one market to nearly 40 across the country. The company targets companies that need to deliver products like auto parts, construction materials, paint and HVAC components to customer sites. Dispatch’s tech lets suppliers orchestrate deliveries without owning a fleet of vehicles or employing drivers
The company has now raised around $22 million to date.
Now that the Series B is complete, Dispatch co-founders Andrew Leone and Ryan Hanson plan to "focus on the people who power the platform."
"We are doubling down on growth so we can execute our strategy, expand into 50 markets by the end of the year, and double our product and engineering teams," Leone said in a statement.
The fresh funding will allow the company to meet the greater frequency of customers' delivery needs. It will also allow Dispatch to make product improvements and offer new services.
"Making a significant investment in our teams enables us to capture every last mile delivery avenue that's available, delivering more to our customer and driver base," Hanson said.
