Logistics Platform "Curri" Receives $42 Million Investment

Curri, a technology platform focused on last-mile logistics for the construction industry, is founded. It was founded in 2018 by Matt Lafferty and Brian Gonzalez. They state that their goal is to help customers, especially distributors, save on operating costs and convert more sales. In the meantime, they are also solving inefficiencies in construction. Now Curri has raised $42 million in a Series B investment round led by Bessemer Venture Partners. Details are in our news.

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Logistics Platform "Curri"

Initialized Capital, Brick & Mortar Ventures and Rainfall Ventures also participated in the round. So far, Curri has raised $48.2 million in venture capital, which Lafferty says has been invested in product development, infrastructure, sales and marketing startups. Curri provides on-demand, last-mile logistics for construction with a high-end, nationwide fleet of cars, trucks and flatbeds. Curri users place an order, open the Curri app and enter pickup and drop-off locations to book a service. Curri's drivers then pick up the materials. The startup also makes sure the order is correct before executing the delivery. Curri offers live updates through the app to enable customers to track and share the status of their deliveries. It also provides proof-of-delivery signature and photos for tracking and compliance purposes.

There are numerous startups trying to solve the last mile logistics problem from the software side, the fleet side or both. For example, Fez Delivery, based in Lagos, operates on-demand hubs across Nigeria. Elsewhere, there is HyperTrack, a startup building APIs for freight order planning, assignment and tracking. In order not to be left behind, Treggo is developing technology to make it easier for merchants to offer an Amazon-like service to their customers. Lafferty claims that Curri's focus on the construction sector, along with its ambitious product roadmap, sets it apart. The platform recently launched an API that allows companies to book vehicles on-demand based on vehicles of their choice. It is also (in theory) an API that allows them to plan routes that reduce unnecessary miles on the road. Lafferty claims that Curri, which has a workforce of 110 people, now takes into account "tens of thousands" of factors in matching orders with more than seven million delivery providers "in minutes". Current customers include Sherwin-Williams, Johnstone Supply and United Rentals.