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New Deal


Announced

Completed

General Catalyst led a $125m Series A funding round in Veho.

Financials

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Transaction Value£94m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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technology company

Private Equity

Venture Capital

Completed

United States

Friendly

Minority

Acquisition

Domestic

IT Services: Other

Private

Synopsis

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General Catalyst, a venture capital firm, led a $125m Series A funding round in Veho, a technology company that enables personalized next-day package delivery. Additional investors include Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners, and Origin Ventures. "We avoid many of the traditional pitfalls of logistics and shipping through advanced proprietary technology, a culture that places the customer experience at the center of everything we do and our partnership with professional and qualified crowdsourced drivers. We're in 14 US cities today and expect to be serving brand partners and consumers in every major market by the end of 2022, including introducing and scaling our doorstep returns program," Itamar Zur, Veho CEO and Co-Founder.

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