Ryde Raises £2.5 Million in Seed Round

by Kay Aloha Villamor in September 2nd, 2021

Ryde, formerly known as Ryders, a London, UK-based SaaS last-mile delivery platform provider, raised £2.5 million in Seed funding. The round was co-led by Forward Partners (who recently announced their IPO) and Triple Point.

With participation from current investors Seedcamp and Swiss Founders Fund and angels, including Michael Pennington (Gumtree), Will Neale (Fonix), Matt Robinson (Go Cardless) and Ines Ures (former Deliveroo CMO).

The company intends to use the funds to continue to expand operations and its business reach.

Company: Ryde

Raised: £2.5M

Round: Seed Round

Funding Month: August 2021

Lead Investors: Forward Partners and Triple Point

Additional Investors: Michael Pennington, Swiss Founders Fund, Michael Pennington, Will Neale, Matt Robinson, and Ines Ures

Company Website: https://www.ryde.team/

Software Category: SaaS last-mile delivery platform

About the Company: Co-founded by Tom Nimmo and Duncan Mitchell, Ryde is the world's leading fully integrated, last-mile delivery management platform. Provides a fully integrated management system to make it easy hyperlocal last-mile delivery for every business in every industry. Clients include Ocado, Gorillas, Dija, and Slerp, among others.

Source: https://www.finsmes.com/2021/08/ryde-raises-2-5m-in-funding.html

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