It’s been five months since Seattle startup Pandion raised $41.5 million in cash to take on the likes of Amazon, FedEx, UPS and the U.S. Postal Service in the ecommerce last-mile delivery market.
But now, Pandion has raised money from Revolution Growth. Pandion is a parcel network designed for ecommerce residential delivery and founded by Amazon Air founder Scott Ruffin.
Pandion last-mile delivery gets funding boost for new management
With the new funds, Pandion has added new hires to its management ranks including:
- Brent Cervenka joins as chief operating officer, bringing 26 years of experience from Flexport, Pitney Bowes, Target and Amazon, where he led the launch and development of its middle-mile transportation and sortation networks.
- Jeff Petersen rejoins Pandion as head of network design and strategy. His 29-year career has included transportation and logistics roles at Flexport, Walmart, J.W. Logistics, Amazon, Target and FedEx Express.
- Jay Sackos joins as vice president of sales, having spent 20 years in transportation sales at Dolly, Schneider National and C.H. Robinson.
- Austin Luhman is the new head of product, bringing 20 years of product development and leadership experience from roles at Veho, Walmart, Jet and others.
Pandion is also using its recently raised funding to:
- Accelerate the growth of its residential parcel delivery network, including building innovative technology offerings.
- Expand its geographic reach.
- Increase delivery speed for customers like Saks Fifth Avenue.
“With this new funding and the expansion of our leadership team, Pandion is positioned to disrupt ecommerce delivery for brands of all sizes,” Ruffin said. “Companies can no longer rely on just the national parcel carriers, but they also don’t have the capabilities and resources to build their own parcel delivery capability or a diversified network of national and regional carriers. They need an alternative. That’s where Pandion comes in.”
New investors Proof and Sentinel Global added to the Pandion funding. Existing investors that joined in the new round of funding for Pandion include:
- Playground Global
- Prologis Ventures
- Bow Capital
- Telstra Ventures
- AME Cloud Ventures
- Schematic Ventures
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