There are a few age-old mantras that always ring true.
“Eat your vegetables.”
“The early bird gets the worm.”
“ABC,D — Always Be Cashin’, Dispatch.”
With the news of an $11.15 million haul for a Series B funding round, it seems Bloomington-based Dispatch has paid attention to that last one, at least (the company’s stance on vegetable intake and avian sleep habits has yet to be confirmed). The on-demand logistics company reportedly plans to increase hiring and expand into new market with the funds.
Led by Trinity Private Equity Group out of Southlake, Texas, (a firm that led Dispatch’s previous $7.8 million funding round as well), the Series B fund was also bolstered by support from Labora (another Texas-based firm) and local entities including Great North Labs and Revolution’s Rise of the Rest. This round brings the company’s total funds raised to around $22 million.
Dispatch provides an online logistics platform for companies that need to deliver a wide array of products. After a delivery order is created, a nearby driver is notified of the job. Once the delivery is underway, the customer can view a real-time map of the driver’s progress.
Earlier this year, we spoke with Dispatch’s new CFO, Matt Ouska, and also welcomed co-founders Andrew Leone and Ryan Hanson to The tech.mn Podcast.
On Episode 41 of The tech.mn Podcast, Kevin welcomes Andrew Leone and Ryan Hanson, Co-founders of Dispatch. We talk all things Dispatch including how the same-day delivery service came to be, the tech behind their super fast delivery, Hiring 500 people in one year, fundraising, and their goal to be in 50 markets by the end of 2020.
Update: The original version of this post included the incorrect total for the Series B raise. It has been updated.