Fin, a London, UK-based sustainable logistics company, raised $7M in Seed funding.
The round was led by MaC Venture Capital with participation from Side Door Ventures, Pearls Capital and Simplex Ventures.
The company intends to use the funds to scale its operations, now boasting over 100 e-cargo bikes and 100 electric vans used to deliver between 7,000 and 14,000 parcels throughout its homebase of London daily.
Led by CEO Rich Pleeth, Fin Sustainable Logistics is creating logistics solutions. Their comprehensive approach to urban logistics leverages technology and innovation to streamline delivery operations, reduce environmental impact, and enhance the efficiency of last-mile deliveries in urban areas using an all-electric fleet of vans and e-cargo bikes.
Fin has already attracted a large roster of clients, including AG1, Ricoh and GRIND, who have since leveraged the company’s logistics agility and consumer satisfaction to scale sales in the UK. Additionally, since acquiring last-mile operator Urb–It, Fin has allowed major commerce suppliers, including MetaPack, Metafour, nShift and Intersoft to fast-track operations across the UK.
The expansion to the US, with plans to launch in New York City in early 2025, will mark the company’s first venture outside the United Kingdom. Fin will continue the expansion, with plans to expand into five additional UK cities in 2025.
FinSMEs
16/10/2024