Evermile, a London, UK-based local delivery platform built for small businesses, announced that it raised $6 million in seed funding to bring AI and mobility-grade optimization to local delivery.
The round was led by 10D, with participation from Mensch Capital Partners and various angel investors, including Fred Destin (ex-board member at Deliveroo), Ziv Paz (co-founder of Melio), and others.
"Local delivery has become essential to almost every small business, yet current delivery options are complex to manage and prevent growth," said Omer Goldschmidt, CEO and Co-Founder of Evermile. "Before Evermile, a local merchant faced two challenging scenarios: manage external delivery vendors themselves or build their own in-house delivery fleet - both are expensive, complex, and time-consuming. Evermile offers a third route; access to a single delivery platform that can power all their delivery needs in a simple, flexible, customizable and cost-effective manner. We're proud to leverage mobility-grade optimization, aggregation techniques and AI to unite local merchants to deliver together. Through Evermile, we're dramatically changing the unit economics of local delivery and slashing delivery costs for these businesses and the millions of customers who want to continue buying locally."
The company has built a unique and sophisticated optimization engine that leverages mobility-driven algorithms and AI aggregation models to reduce delivery costs by 30–50% and dramatically change the unit economics of local delivery for small businesses.
Evermile is already partnered with over 300 local merchants across the UK including a variety of pharmacies, flower shops, wine stores, local bakeries, and more, and the funding will be used to expand to new markets globally.
Company: Evermile Ltd.
Round: Seed Round
Funding Month: April 2023
Lead Investors: 10D
Additional Investors: Mensch Capital Partners, Fred Destin, and Ziv Paz
Company Website: https://www.evermile.io/
Software Category: Local Delivery Platform
About the Company: Founded in 2022 by Omer Goldschmidt, Omry Hochberg, and Ynon Cohen, Evermile is a local delivery platform for small businesses. Through its unique platform, Evermile simplifies and automates complex delivery operations, making enterprise-grade logistics accessible to owner/operator-led SMBs. Evermile harnesses advanced machine-learning and mobility-grade optimization technology to bring businesses together to consolidate deliveries, slash costs, and enable local merchants to provide the flexibility their customers crave, all at an attractive price point. The company's unique approach also unites local merchants to capitalize on the combined negotiating power of thousands of companies operating together. The company is already working with over 300 small businesses across the UK.
Source: Ronny Hassid