Last-mile delivery funding hit $1.6 billion at its 2021 peak. In 2025, companies raised less than 20% of that amount.
But the market isn't dead. Software and last-mile segments still attract serious capital. Amazon's Industrial Innovation Fund expands into delivery tech. Corporate investors replace traditional VCs.
Lightweight packages change unit economics. Specialization drives profitability. The industry transforms from a few courier giants to 100+ specialized providers.
This guide maps out 25 active delivery tech investors. From seed funds to strategic corporates.
Why last-mile matters now
E-commerce penetration keeps climbing. Same-day delivery becomes the standard, not premium. Urban density creates new delivery challenges.
Traditional logistics can't keep up. Tech-enabled solutions fill the gap. Smart routing cuts costs by 30%. AI predicts demand spikes. Gig economy models provide flexible capacity.
Winners in this space combine operational excellence with technology. Pure software plays struggle without logistics expertise. Pure logistics players can't compete without tech.
Get your delivery startup funded
Built a platform that cuts delivery costs? Drivers love your app? Unit economics finally work?
Yet investors won't bite.
PDFs get buried in inboxes. No visibility on engagement. Can't tell if partners reviewed your deck.
Trackable links change the game. See exactly who viewed what. Track interest in your metrics. Know when to follow up.
Ellty helps delivery startups close funding faster.
25 Delivery tech investors
1. SoftBank Vision Fund
Global tech investor with massive logistics portfolio.
Investment focus: Large-scale delivery platforms, autonomous delivery
Investment range: $100M-$1B+
Notable investments: DoorDash, Nuro ($940M), major delivery platforms
Contact: visionfund.com
2. Amazon Industrial Innovation Fund
$1B fund expanding into last-mile technology.
Investment focus: Robotics, fulfillment tech, autonomous delivery
Investment range: $10M-$100M
Notable investments: Instock, Rightbot, delivery automation
Contact: amazon.com/industrialinnovation
3. Prologis Ventures
Corporate venture arm of logistics real estate giant.
Investment focus: Supply chain tech, last-mile solutions
Investment range: $5M-$50M
Notable investments: Software and systems, logistics platforms
Contact: prologis.com
4. Tiger Global Management
Growth investor active in delivery tech.
Investment focus: Scalable delivery platforms
Investment range: Series B+, $50M-$500M
Notable investments: Instacart, delivery marketplaces
Contact: tigerglobal.com
5. Sequoia Capital
Leading VC with deep logistics portfolio.
Investment focus: Technology-first delivery solutions
Investment range: Seed to growth, $1M-$200M+
Notable investments: DoorDash, delivery platforms
Contact: sequoiacap.com
6. Maersk Growth
Corporate venture arm of shipping leader.
Investment focus: Supply chain innovation, last-mile tech
Investment range: Series A-C, $10M-$50M
Notable investments: Huboo, Forto, Afresh
Contact: maerskgrowth.com
7. GV (Google Ventures)
Alphabet's venture arm investing in logistics.
Investment focus: AI-powered delivery, routing optimization
Investment range: Seed to Series C, $5M-$100M
Notable investments: Delivery automation platforms
Contact: gv.com
8. Bessemer Venture Partners
Multi-stage investor with logistics focus.
Investment focus: B2B delivery platforms, SaaS for logistics
Investment range: Series A to growth
Notable investments: Supply chain software, delivery tech
Contact: bvp.com
9. Accel
Global VC backing delivery innovation.
Investment focus: Marketplace models, delivery infrastructure
Investment range: Seed to late stage
Notable investments: Deliveroo, delivery platforms
Contact: accel.com
10. DST Global
International tech investor in delivery.
Investment focus: Consumer delivery platforms
Investment range: Growth stage, $50M+
Notable investments: Delivery unicorns globally
Contact: dst-global.com
11. Fuse Venture Partners
London-based fund focused on logistics.
Investment focus: Last-mile innovation, quick commerce
Investment range: Series A-B, £5M-£30M
Notable investments: Paack, Cubyn, Kurly
Contact: fuseventurepartners.com
12. Earlybird VC
European investor with delivery portfolio.
Investment focus: Logistics tech, sustainable delivery
Investment range: Seed to Series B, €1M-€30M
Notable investments: Hive, Sennder, Forto
Contact: earlybird.com
13. NEA (New Enterprise Associates)
Large fund active in logistics tech.
Investment focus: Enterprise delivery solutions
Investment range: Series A to growth, $10M-$100M
Notable investments: Logistics platforms, routing software
Contact: nea.com
14. Lightspeed Venture Partners
Multi-stage investor in delivery innovation.
Investment focus: Consumer and enterprise delivery
Investment range: Seed to growth
Notable investments: Delivery marketplaces, logistics SaaS
Contact: lsvp.com
15. Andreessen Horowitz
Silicon Valley firm with logistics practice.
Investment focus: Next-gen delivery infrastructure
Investment range: Seed to late stage
Notable investments: Instacart, delivery platforms
Contact: a16z.com
16. Matrix Partners
Early-stage investor in delivery tech.
Investment focus: Innovative delivery models
Investment range: Seed to Series B, $1M-$30M
Notable investments: Last-mile startups
Contact: matrixpartners.com
17. Kleiner Perkins
Silicon Valley VC with mobility focus.
Investment focus: Sustainable delivery solutions
Investment range: Early to growth stage
Notable investments: Electric delivery, routing tech
Contact: kleinerperkins.com
18. General Catalyst
Multi-stage firm backing logistics innovation.
Investment focus: B2B delivery platforms
Investment range: Seed to growth
Notable investments: Enterprise delivery solutions
Contact: generalcatalyst.com
19. 8VC
Tech investor focused on logistics transformation.
Investment focus: Hard tech for delivery
Investment range: Series A to C, $10M-$50M
Notable investments: Autonomous delivery, robotics
Contact: 8vc.com
20. DN Capital
European VC with delivery portfolio.
Investment focus: Marketplaces, delivery tech
Investment range: Seed to Series B, €1M-€20M
Notable investments: Shippeo, delivery platforms
Contact: dncapital.com
21. Balderton Capital
London-based growth investor.
Investment focus: European delivery leaders
Investment range: Series A to growth, €5M-€50M
Notable investments: Delivery marketplaces
Contact: balderton.com
22. LocalGlobe
UK seed investor in logistics.
Investment focus: Early-stage delivery innovation
Investment range: Pre-seed to Series A, £500K-£5M
Notable investments: Citymapper, logistics startups
Contact: localglobe.vc
23. Techstars
Global accelerator with logistics focus.
Investment focus: Early-stage delivery startups
Investment range: $120K standard investment
Notable investments: GophrApp, delivery platforms
Contact: techstars.com
24. Point Nine Capital
Berlin-based SaaS and marketplace investor.
Investment focus: B2B delivery software
Investment range: Seed to Series A, €500K-€5M
Notable investments: Delivery management platforms
Contact: pointninecap.com
25. Atomico
European growth investor.
Investment focus: Scalable delivery platforms
Investment range: Series A to growth, €10M-€100M
Notable investments: European delivery leaders
Contact: atomico.com
What investors actually want
The metrics that matter
Forget vanity metrics. Here's what moves the needle:
Delivery cost per mile - Under $2 wins. Over $3 loses.
Driver retention - 6+ months average or forget Series A.
Route efficiency - 15+ deliveries per driver per day minimum.
Customer acquisition cost - Must be under 3x average order value.
Red flags that kill deals
Competing with Amazon - Find your niche or die.
No path to profitability - Growth without unit economics is worthless.
Driver classification issues - Sort out contractor vs employee now.
Single customer dependency - Diversify before fundraising.
Quick wins for your pitch
Lead with traction - "We deliver 10,000 packages daily" beats any vision slide.
Show the moat - Network effects, exclusive partnerships, proprietary routing.
Address the Amazon question - Every investor will ask. Have a crisp answer.
Highlight specialization - Medical deliveries, heavy items, specific verticals.
Prove driver economics - Happy drivers = sustainable business.
The money is out there
Despite the funding drop, smart money still flows to last-mile innovation. Private equity loves proven models. Strategic investors seek competitive advantage. Even VCs return for the right opportunity.
Focus on sustainable growth over blitzscaling. Specialization beats generalization. Technology enables but operations win.
Industry insider tips
Timing your raise: Q1 and Q3 see most activity. Avoid December.
Geographic arbitrage: European investors love US expansion stories.
Corporate partnerships: Strategic investors offer more than money.
Data is king: Track everything. Investors want proof, not promises.
Think beyond delivery: Returns processing, installation services, white-glove delivery.
Track your fundraising pitch deck
Your pitch deck is a package. Track its journey. See who signs for it. Know when they share it internally.
Ellty gives you the same visibility for fundraising that you give customers for deliveries.
Common questions
What's the minimum traction for Series A?
$2-5M ARR or 50,000+ monthly deliveries. Geographic presence in 2+ markets helps.
Do investors prefer asset-light models?
Yes, but some control over delivery quality is essential. Hybrid models work best.
How important is same-day delivery?
Table stakes in urban markets. Rural can be next-day.
Should we focus on B2B or B2C?
B2B has better unit economics. B2C has larger TAM. Many investors prefer B2B2C models.
What about autonomous delivery?
Still early. Partner with AV companies rather than building your own.
