It’s been five months since Seattle startup Pandion raised $41.5 million in money to tackle the likes of Amazon, FedEx, UPS and the U.S. Postal Service within the ecommerce last-mile delivery market.
But now, Pandion has raised money from Revolution Growth. Pandion is a parcel network designed for ecommerce residential delivery and founded by Amazon Air founder Scott Ruffin.
Pandion last-mile delivery gets funding boost for brand new management
With the brand new funds, Pandion has added latest hires to its management ranks including:
- Brent Cervenka joins as chief operating officer, bringing 26 years of experience from Flexport, Pitney Bowes, Goal and Amazon, where he led the launch and development of its middle-mile transportation and sortation networks.
- Jeff Petersen rejoins Pandion as head of network design and strategy. His 29-year profession has included transportation and logistics roles at Flexport, Walmart, J.W. Logistics, Amazon, Goal and FedEx Express.
- Jay Sackos joins as vice chairman of sales, having spent 20 years in transportation sales at Dolly, Schneider National and C.H. Robinson.
- Austin Luhman is the brand new head of product, bringing 20 years of product development and leadership experience from roles at Veho, Walmart, Jet and others.
Pandion can also be using its recently raised funding to:
- Speed up the expansion of its residential parcel delivery network, including constructing revolutionary technology offerings.
- Expand its geographic reach.
- Increase delivery speed for purchasers like Saks Fifth Avenue.
“With this latest funding and the expansion of our leadership team, Pandion is positioned to disrupt ecommerce delivery for brands of all sizes,” Ruffin said. “Firms can now not depend on just the national parcel carriers, but additionally they don’t have the capabilities and resources to construct their very own parcel delivery capability or a diversified network of national and regional carriers. They need another. That’s where Pandion is available in.”
Recent investors Proof and Sentinel Global added to the Pandion funding. Existing investors that joined in the brand new round of funding for Pandion include:
- Playground Global
- Prologis Ventures
- Bow Capital
- Telstra Ventures
- AME Cloud Ventures
- Schematic Ventures
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