Route Raises $40 Million in Series C

by Kay Aloha Villamor in June 27th, 2024

Route, a Lehi, Utah-based post-purchase package tracking and protection solution, raised $40 million in a Series C funding round at a $1.4 billion valuation.   


The round was led by Hanaco VC with participation from JAWS Ventures, Madrona Ventures, and Granger.   

Hanaco Ventures is a New York and Tel Aviv-based venture capital fund that invests in emerging and late-stage start-ups from the global tech ecosystem. Hanaco partners with founders worldwide, helping them become category leaders beloved by their customers.

Route Use of Funds  

The company will use the funding to expand its solutions.  

About Route  

Route provides post-purchase package tracking and protection solutions. From delivery to re-discovery, Route protects brands and their customers with licensed shipping insurance, fast issue resolution, package tracking, carbon-neutral shipping, and remarketing. The company supports over 13,000 brands, including Alice + Olivia, BlendJet, Cult Gaia, Tom Ford, Daily Drills, LoveShackFancy, Solo Stove, and Wellbel.   

Funding Details                                                 

Company: Route App, Inc.   

Raised: $40.0M                 

Round: Series C  

Funding Month: June 2024                                                              

Lead Investors: Hanaco VC   

Additional Investors: JAWS Ventures, Madrona Ventures, Granger  

Company Website:  

Software Category: Ecommerce  


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