TA Ventures invested in last-mile delivery startup Metrospeedy
September 23, 2021
We are thrilled to announce our investment in last-mile delivery startup Metrospeedy together with AddVenture Fund, TMT Investments, Joint Journey, Fores Investments and Vershina Capital. Metrospeedy will use a $5M Seed round for technological advancement, additional fulfilment hubs, expansion into new markets, and talent acquisition.
Founded in 2017, Metrospeedy has been helping businesses across all industries to provide cost-effective, efficient same-day and next day delivery. Multiple micro fulfilment locations help provide proximity to customers and rapid fulfilment. Metrospeedy started as a bootstrapped solo business and has grown into a robust startup with a community of drivers making over 1,000 deliveries per day.
Metrospeedy leverages eco-friendly electric vehicles to provide zero-emission delivery wherever possible. With utile technology in place the company delivers 2X-3X more per hour and powers their analytics aggregator. This proprietary technology consolidates deliveries across businesses to the same customer. So, someone who has a prescription, dry cleaning and groceries arriving can receive them at the same time.
“MetroSpeedy has been profitable since our first year in business with steady increases year over year and a notable increase over 2020,” said CEO Nancy Korayim. “We are proud of our achievements and support from our investors. This seed funding will help us meet accelerating demand by boosting our proprietary tech platforms and infrastructure. We will also make key hires this year to support our growth into additional markets. The best is yet to come — we have an exciting consumer-facing launch on the horizon.”
Max Medvedev, Founding Partner of AddVenture Fund noted: “MetroSpeedy’s execution in the last-mile delivery space has been exemplary. Especially during the lockdown, they have shown why they are an essential service for New York residents and business owners. The environmentally-friendly approach, dedication to service quality, and best-in-class technology make them the indispensable partner for any business with last-mile logistics needs. I’m proud to back them, and I’m looking forward to working with Nancy.”
“We are super excited to support the female lead startup MetroSpeedy in one of the hottest sectors of hyper-local delivery space,” said Viktoriya Tigipko, Founding Partner of TA Ventures. “We are absolutely sure that Nancy and her stellar team can build a successful story and optimize the landscape of logistics globally.”