Cooley advised Veho on the deal.
Veho, a technology-driven logistics company, announced its $170 million Series B, which brings the company’s valuation to more than $1.5 billion.
This latest funding, just six weeks after Veho closed its oversubscribed Series A round, was led by Tiger Global, with participation by SoftBank Vision Fund 2 and other investors. With the additional capital, the company plans to accelerate new market launches and expand its warehouse automation capabilities. Veho also intends to scale its recently launched doorstep returns program nationally and continue investing in the customer experience.
Veho provides a tech-forward and customer-centric delivery option for ecommerce brands that value the customer delivery experience of their products. The company’s proprietary technology platform leverages live customer communication, in-market warehouse locations and a dynamic marketplace to seamlessly match demand for deliveries with last-mile driver-partners.
The Cooley team included: Jeff Laretto (Picture), Alex Abelson, Katharina Schwarz, John Paul Oleksiuk, Jonathan Rivinus, Jim Fulton and Rebecca Ross.
Involved fees earner: Alex Abelson – Cooley LLP; Jim Fulton – Cooley LLP; Jeff Laretto – Cooley LLP; John Paul Oleksiuk – Cooley LLP; Jonathan Rivinus – Cooley LLP; Rebecca Ross – Cooley LLP; Katharina Schwarz – Cooley LLP;
Law Firms: Cooley LLP;
Clients: Veho Tech, Inc.;