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New Deal


Announced

Completed

A group of investors led a $200m Series B round in Route.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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order tracking

Domestic

Private

Acquisition

Venture Capital

online platform

e-commerce shipping platform

Digital Services

Minority

Completed

United States

Private Equity

Friendly

Synopsis

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A group of investors, including Eldridge, Madrona Venture Group, Riot Ventures, Banner Ventures, FJ Labs, Endeavor, JAWS Capital and 75 & Sunny Ventures, led a $200m Series B round in Route, a shipping platform developer. "Consumers now more than ever want transparency around online ordering and hold brands to higher standards. We've demystified the post-purchase experience by communicating with users at every step of the customer journey. Route allows you to see everything you order in one place. Looking beyond being the package tracking leader, we're adding products and features to simplify and improve other areas within e-commerce. Such as one-click resolve for shipping issues and a Discover platform that is curated and personalized to each user based on global shopping behavior and trends," Evan Walker, Route Founder and CEO.

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