Route, a Lehi, Utah-based post-purchase package tracking and protection solution, raised $40 million in a Series C funding round at a $1.4 billion valuation.
Investors
The round was led by Hanaco VC with participation from JAWS Ventures, Madrona Ventures, and Granger.
Hanaco Ventures is a New York and Tel Aviv-based venture capital fund that invests in emerging and late-stage start-ups from the global tech ecosystem. Hanaco partners with founders worldwide, helping them become category leaders beloved by their customers.
Route Use of Funds
The company will use the funding to expand its solutions.
About Route
Route provides post-purchase package tracking and protection solutions. From delivery to re-discovery, Route protects brands and their customers with licensed shipping insurance, fast issue resolution, package tracking, carbon-neutral shipping, and remarketing. The company supports over 13,000 brands, including Alice + Olivia, BlendJet, Cult Gaia, Tom Ford, Daily Drills, LoveShackFancy, Solo Stove, and Wellbel.
Funding Details
Company: Route App, Inc.
Raised: $40.0M
Round: Series C
Funding Month: June 2024
Lead Investors: Hanaco VC
Additional Investors: JAWS Ventures, Madrona Ventures, Granger
Company Website: https://route.com/
Software Category: Ecommerce
Source: https://www.prnewswire.com/news-releases/post-purchase-boom-route-announces-40-million-series-c-at-a-1-4-billion-valuation-302181158.html