# DispatchIt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dispatchit

- Industry: Internet
- Headquarters: Bloomington, US
- Website: www.dispatchit.com
- Total disclosed funding: $71M
- Latest round: Series C (Mar 28, 2022)
- Investors on record: 5

## About

DispatchIt, Inc. is a last-mile delivery platform that streamlines logistics through intelligent delivery orchestration and an integrated nationwide network, catering to various industries across the United States.Founded in 2016 in Bloomington, US, DispatchIt, Inc. operates a last-mile delivery platform designed to enhance logistics efficiency. The company has not undergone significant pivots in its strategy. Its founders, Andrew Leone, Drew Stachnik, and Sean S, previously established their expertise in the logistics sector, contributing to the company’s growth. In March 2022, DispatchIt raised USD 50 mn in Series C funding, led by PeakSpan Capital, bringing the total amount raised to USD 50 mn. As of the latest round, the company holds a valuation of USD 159.015 mn.Dispatch operates as a last-mile delivery platform that combines intelligent delivery orchestration with a fully integrated nationwide delivery network. Their core offerings include an API-driven platform that facilitates intelligent routing, real-time tracking, delivery updates, and seamless integrations with existing systems. This technology ensures end-to-end visibility and control of last-mile logistics for businesses across various sectors, including automotive, HVAC, industrial machinery, building products, paint, plumbing, and solar industries. The company serves a diverse client base, ranging from small enterprises to large corporations across the United States, providing solutions tailored to the specific needs of each industry. The geographical markets for Dispatch's services extend nationwide, allowing them to cater to clients requiring efficient logistics solutions in urban and rural settings alike.Dispatch generates revenue primarily through a service model that includes delivery transactions facilitated by their proprietary platform. Clients engage with Dispatch through service agreements that outline the terms of delivery, often structured around a Master Service Agreement (MSA). This arrangement allows companies to leverage Dispatch's delivery capabilities for their logistics needs, ensuring timely and reliable service. The pricing structure varies based on the volume and nature of deliveries but typically encompasses fees for the logistics services rendered, ensuring that clients receive tailored solutions that align with their operational demands. The company's focus on providing a comprehensive last-mile delivery solution positions it as a critical partner for businesses looking to optimize their logistics and distribution channels.In March 2022, DispatchIt, Inc. raised USD 50 mn in Series C funding led by new investor PeakSpan Capital. The company plans to utilize these funds to expand into 50 more markets and accelerate the development of its delivery software, enhancing its service offerings and operational capabilities.

## Funding rounds

- Series C, Mar 28, 2022, $50M — PeakSpan Capital
- Series B, Jul 1, 2020, $11M — Trinity Private Equity Group, Revolution Ventures, Great North Ventures, Labora Group
- Series A, Nov 28, 2018, $7.8M — Trinity Private Equity Group, Great North Ventures
- Seed, Jul 3, 2018, $2M — Great North Ventures

## Investors

- Great North Ventures (https://capitalatlas.ai/funds/great-north-ventures) — Seed, Series A, Series B
- Trinity Private Equity Group (https://capitalatlas.ai/funds/trinity-private-equity-group) — Series A, Series B
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series B
- Labora Group — Series B
- PeakSpan Capital (https://capitalatlas.ai/funds/peakspan-capital) — Series C