Veho reaches unicorn status and other NYC tech news – New York Business Journal – New York Business Journal

Veho, a technology company that enables personalized next-day package delivery, has raised $125 million in Series A funding that values the company at $1 billion.
The round was led by General Catalyst and also included Construct Capital led by Rachel Holt, Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures. Veho said it will use the funds to grow staff, expand from 14 to 50 U.S. markets by the end of 2022 and continue to improve its technology.
“We’re providing e-commerce brands a fast, tech-forward and customer-centric delivery option that ensures brand perception makes it past the purchase, all the way through to the customer door,” Veho co-founder and CEO Itamar Zur said in a statement. “We’re in 14 US cities today and expect to be serving brand partners and consumers in every major market by the end of 2022, including introducing and scaling our doorstep returns program.”
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