Pandion, a Seattle, WA-based provider of a parcel network designed for e-commerce residential delivery, raised $41.5M in Series B funding.
The round was led by Revolution Growth. Other participants included existing investors Playground Global, Prologis Ventures, Bow Capital, Telstra Ventures, AME Cloud Ventures, and Schematic Ventures and new investors Proof and Sentinel Global. As part of the funding, Kristin Gunther, partner at Revolution Growth, will join Pandion’s board of directors.
The company intends to use the funds to accelerate the growth of its residential parcel delivery network, including building new technology offerings, expanding its geographic reach, and increasing delivery speed for customers like Saks Fifth Avenue.
Led by CEO Scott Ruffin, Pandion manages the package journey for brands, picking up at their fulfillment centers, optimizing logistics with technology, sorting packages by destination through a connected network of sortation centers, and delivering through a network of 500,000+ final-mile drivers.
The company leverages machine learning and its proprietary universal label to make the best delivery decisions for every package. Pandion owns and operates a nationwide network of sortation centers — near Philadelphia, Dallas, Los Angeles, Chicago, and Atlanta — with more to come.
Pandion also announced new members of its leadership team including:
- Brent Cervenka, Chief Operating Officer
- Jeff Petersen, Head of Network Design and Strategy
- Jay Sackos, VP of Sales
- Austin Luhman, Head of Product
FinSMEs
21/03/2024