Relay, a London, UK-based provider of an AI-powered logistics network enhancing end-to-end delivery for merchants, raised $35M in Series A funding.
The round was led by Plural with participation from Project A and Prologis Ventures.
The company intends to use the funds to scale its delivery network nationwide and to continue building an engineering and operational team, leveraging developments in AI and machine learning for UK’s delivery infrastructure.
Founded by Jonathan Jenssen (CEO) and Nicole Mazza (CCO), Relay is a provider of a tech-enabled delivery network empowering businesses to grow and elevate their e-commerce operations. Its technology-first delivery model pairs flexible fleets of on-demand couriers with a distributed hyperlocal network to reduce costs and improve customer experience. Already live in major UK cities, including London and Manchester, the company plans to expand nationwide over the next two years.
The platform is used by re-commerce platforms like Vinted, social commerce businesses like TikTok, international marketplaces including Temu, and UK retailers such as THG Fulfil.
FinSMEs
27/02/2025