# Maergo

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

- Industry: Consumer Services
- Headquarters: Austin, US
- Website: www.maergo.com
- Total disclosed funding: $20M
- Latest round: Seed (Dec 7, 2022)
- Investors on record: 2

## About

Based in Austine, the US, ParcelCast, LLC doing business as Maergo, provides first- and last-mile transportation for retailers and DTC brands. In December 2022, the firm raised USD 20 million in Seed funding led by investor Deep Lake Capital, with participation from another investor Ryder Ventures. Individual investors also participated in the round. As of 2022, the company is headed by Mark Lavelle as CEO.

The company offers faster, cheaper, and greener end-to-end outbound eCommerce parcel shipping. The firm picks up the parcel, does the sortation, flies to the destination, and finally hand over it to regional carriers for last-mile delivery. Additionally, the firm enhances the post-purchase customer experience by providing a simple tracking interface as well as integrating with all the multi-carrier parcel management and tracking platform and many more.

The company plans to use the December 2022 funding to accelerate its product and infrastructure development to scale the next-generation carrier.

## Funding rounds

- Seed, Dec 7, 2022, $20M — Ryder Ventures, Deep Lake Capital

## Investors

- Ryder Ventures (https://capitalatlas.ai/funds/ryder-ventures) — Seed
- Deep Lake Capital — Seed