MetroSpeedy, Last Mile Delivery Startup Secures $5M in Seed Funding

MetroSpeedy, a last-mile delivery software and services company with innovative solutions is growing fast.

 

MetroSpeedy raised $5 million in seed funding for technological advancement, additional fulfilment hubs, expansion into new markets, and talent acquisition. The round was led by AddVenture Fund, which included strategic investments from TMT Investments, TA Ventures, Joint Journey, Fores Investments and Vershina Capital.


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 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 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 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."