PICKUP NOW, Inc.
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PICKUP NOW, Inc. - overview
Established
2014
Location
Plano, TX, US
Primary Industry
Software
About
PICKUP NOW, Inc. is a logistics company specializing in tech-enabled same-day delivery services, focusing on efficient transport solutions for large and heavy items across various industries in the United States. Founded in 2014 in Plano, US, PICKUP NOW, Inc. provides logistics solutions for immediate delivery of heavy items.
The company recently merged with Point Pickup Technologies, Inc. on July 25, 2023, to enhance last-mile delivery services. The founders include Aaron Favara, Charlie Prest, Jon Bolton, and Raul Varela, while Andrew Cohen serves as CEO. The company has secured a total of USD 15.
00 mn in funding, with its latest round being a Series B led by NewRoad Capital Partners. PICKUP specializes in tech-enabled same-day delivery services, primarily focusing on providing efficient logistics solutions for businesses needing immediate transport of large and heavy items. Their core offerings include a fully integrated API platform that enables businesses to create co-branded delivery portals, serving a diverse client base such as retailers, e-commerce platforms, and home improvement stores, facilitating the quick transport of goods from furniture to appliances directly to consumers' homes. PICKUP generates revenue through a fixed-rate pricing model, partnering with various businesses across sectors like retail and e-commerce.
Clients pay a predetermined amount for delivery services, ensuring transparency without hidden fees. Leveraging a network of vetted Delivery Pros, PICKUP streamlines logistics operations, enhancing customer satisfaction and fostering repeat business. In the wake of the recent merger with Point Pickup Technologies, Inc. , PICKUP NOW, Inc.
aims to expand its last-mile delivery capabilities across diverse industries including retail, grocery, e-commerce, and home improvement. The combined entity's resources will be utilized to enhance operational efficiency and service offerings. The recent funding round will support these initiatives, further establishing the company's presence in key markets throughout the United States.
Current Investors
Point Pickup Technologies, Inc./PICKUP NOW, Inc., Noro-Moseley Partners, TDF Ventures
Primary Industry
Software
Sub Industries
Courier & Delivery Services, Logistics Software
Website
www.pickupnow.com
Verticals
Big Data, Mobile Apps
Company Stage
Merged
Total Amount Raised
Subscriber access only
PICKUP NOW, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | PICKUP NOW, Inc., Point Pickup Technologies, Inc. | - |
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