Route raised $40 million in a Series C at a $1.4 billion valuation led by Hanaco VC
06/25/24, 12:01 PM
Location
lehiMoney raised
$40 million
Industry
information technology
Round Type
series c
Investors
Craft Ventures, Upfront Ventures, Granger, Madrona Ventures, Jaws Ventures, Hanaco Vc
Route has raised $40 million in its Series C round, valuing the company at $1.4 billion. The funding was led by Hanaco VC and included Jaws Ventures, Madrona Ventures, and Granger, with previous investors including Upfront Ventures and Craft Ventures. The company's resilience in maintaining its unicorn valuation is notable, especially during a downturn in the VC sector.
Company Info
Location
1557 west innovation way
lehi, utah, united states
Additional Info
Route is the leader in the post-purchase experience. From delivery to re-discovery, Route protects brands and their customers with licensed shipping insurance, fast issue resolution, package tracking, carbon-neutral shipping, and remarketing.
Route helps brands control for the unexpected and transform even negative experiences into opportunities to drive loyalty.
Since launching in 2019, Route has built an ecommerce network of 13,000 brands and 3+ million active app users, and customers have chosen to protect nearly 150 million orders.
Route seamlessly integrates with leading ecommerce platforms, including Shopify, Salesforce Commerce Cloud, Magento, BigCommerce, and WooCommerce, and also provides custom API integrations for enterprise merchants.