Veho, a startup that uses technology to facilitate next-day package delivery, has raised $170 million in an early-stage funding round led by Tiger Global.
The round saw participation from SoftBank Vision Fund 2, General Catalyst, Bling Capital, Construct Capital, Industry Ventures and Origin Ventures.
San Francisco-based Veho plans to use the funds to expand across the United States, automate warehouses and quadruple its headcount to 2,000 by the end of 2022.
Its shipping platform for end-to-end deliveries has gained traction during the pandemic due to an uptick in demand for ecommerce and constraints in the supply chain.
Last week, logistics company Flexport raised $935 million in a funding round led by venture capital firms Andreessen Horowitz and MSD Partners.