Florida Funders Invests in PICKUP, Fueling Expansion of its Trusted Last Mile Delivery Network
PICKUP scales in Florida and beyond following Florida Funders’ investment
Tampa, Fla. – October 9, 2018 – Florida Funders, a firm providing early-stage capital to Florida companies, announces a $1.22 million-dollar investment in PICKUP, an agile last mile delivery platform for large or heavy retail product that features Good Guys – a trusted network of military veterans, first responders and handy professionals. PICKUP is available in 26 markets. With Florida Funders investment, PICKUP announces plans to continue expansion.
“PICKUP transforms the way consumers purchase big-ticket items, such as furniture and mattresses,” said Tom Wallace, Managing Partner for Florida Funders. “Often times, retailers are unable to fulfill large and/or heavy products conveniently enough to meet the needs of today’s consumers. With PICKUP, customers can select their items, request delivery at the checkout and have their goods delivered to the room of choice in as little as one hour. We’re excited to support an innovative platform, such as PICKUP, and they have already exceeded their initial milestones for Florida markets.”
PICKUP is a scalable logistics network specializing in personalized omnichannel delivery of bulky items. With PICKUP, retailers can offer more convenient delivery options to their customers. Consumers can request delivery within seconds at the checkout or on pickupnow.com, making large item delivery as easy to order as ordering a ride share or food delivery.
“PICKUP has completed thousands of successful deliveries and achieved best-in-class customer satisfaction. We’re pleased to bring that freedom to consumers throughout Florida,” said Brenda Stoner, Chief Executive Officer for PICKUP. “Before PICKUP, there was not a consistently simple and frictionless way of having something large, typically over 50 pounds, delivered into the home. PICKUP has bridged this gap for consumers and retailers. We continue to partner with more retailers and add additional markets as we strive to reach our goal of creating the leading last mile delivery network. Florida Funders is an amazing partner and investor and we look forward to a long, prosperous relationship with them.”
Included in Florida Funders’ $1.22 million-dollar investment in PICKUP is a $330k contribution from Miami Angels. PICKUP, a member of Engage Ventures, will utilize the funding from Florida Funders to expand to a larger audience throughout the nation. Leading national brands have partnered with PICKUP to augment their last mile customer experience. PICKUP’s trusted drivers, aptly named Good Guys, have already achieved thousands of deliveries in Florida. The Good Guys are natural problem solvers and local heroes, including military veterans, first responders and other local leaders.
# # #
About Florida Funders, LLC: Florida Funders is a hybrid of a venture capital fund and crowd-funding platform that invests in early-stage technology companies in Florida. The firm is led by an experienced team of serial entrepreneurs, venture capitalists, and experienced angel investors with proven track record of successful exits and a shared passion for growing the next generation of Florida tech companies. Learn more at www.floridafunders.com and check out our explainer video on YouTube.