DeliveryCircle Announces Series A Funding Led by Leading Financial and Strategic Supply Chain Investors
Company Positioned for Rapid Expansion of On-Demand Last-Mile Delivery Services
NEWARK, DE – June 13, 2018 – DeliveryCircle, LLC announced today that it has received a significant minority investment from a syndicate of financial and strategic supply chain investors, led by Cambridge Capital, NFI and other strategic investors.
“DeliveryCircle has developed an outstanding software-based, on-demand solution to enable enterprises to efficiently offer same-day delivery of critical goods to its customers,” said Benjamin Gordon of Cambridge Capital. “We are pleased to be partnering with DeliveryCircle to help continue its rapid growth within the $3 billion segment of same-day delivery services.”
“As the final mile space continues to mature, we are excited to be able to stand behind a company that has an innovative approach to a fast-moving segment of logistics. With Delivery Circle’s strong leadership team and technical expertise, its technology can prove to be a significant differentiator for final mile customers around the United States,” said Sid Brown, CEO of NFI.
“I am thrilled to bring together this outstanding syndicate of partners to help us continue to expand and deepen our software and service offerings,” stated Vijaya Rao, CEO of DeliveryCircle. “This is a uniquely qualified group of investors and we believe there is a tremendous opportunity to combine DeliveryCircle’s innovative technology and their collective industry expertise for the benefit of our large enterprise customers.
DeliveryCircle is a privately-held company disrupting the traditional last mile logistics industry by offering flexible and affordable same day delivery options to enterprise customers. The company offers highly tailored solutions that enable enterprise customers to efficiently offer same-day, last mile delivery to customers with high service levels while protecting their brands. Through Delivery Circle’s innovative software and mobile application, clients are able to match package sizes with a pool of professional, safe drivers and a variety of vehicle types. For more information about DeliveryCircle, please visit www.deliverycircle.com. The company was founded in 2014 and is based in Newark, Delaware.
About Cambridge Capital
Cambridge Capital is a private equity firm investing exclusively in the applied supply chain. The firm provides private equity to finance the expansion, recapitalization or acquisition of growth companies in the transportation and logistics sectors. Cambridge’s philosophy is to invest in companies where the firm’s unique network, operating expertise and in-depth supply chain knowledge can help portfolio companies achieve their full potential in shareholder value creation.
About NFI Industries
NFI is a fully integrated North American supply chain solutions provider headquartered in Cherry Hill, N.J.
Privately held by the Brown family since its inception in 1932, NFI generates nearly $2 billion in annual revenue and employs more than 10,000 associates. NFI owns facilities globally and operates 41.5 million square feet of warehouse and distribution space. Its dedicated and drayage fleet consists of over 4,000 tractors and 8,900 trailers. Its business lines include dedicated transportation, distribution, transportation management, port drayage, intermodal, brokerage, global logistics, and commercial real estate. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.