# Point Pickup Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/point-pickup-technologies

- Industry: Internet
- Headquarters: Greenwich, US
- Website: www.pointpickup.com
- Total disclosed funding: $30M
- Latest round: Series A (Oct 8, 2020)
- Investors on record: 2

## About

Point Pickup Technologies, Inc. offers innovative middle-mile and last-mile same-day delivery solutions, empowering retailers across the United States to enhance their customer fulfillment experience from purchase through delivery.Founded in 2015 and headquartered in Greenwich, US, Point Pickup Technologies, Inc. specializes in delivery solutions. The company recently merged with PICKUP NOW, Inc. in July 2023. Tom Fiorita serves as both CEO and Founder, and has a history in the logistics sector. The company has secured a total funding of USD 30.00 mn, primarily raised through a Series A round with investors such as Brown Brothers Harriman and Connecticut Innovations.Point Pickup specializes in middle-mile and last-mile same-day delivery solutions, catering primarily to retailers across the United States. The company's core offerings enable retailers to manage the entire customer experience from purchase to doorstep, ensuring same-day fulfillment and delivery in all 50 states. Their client web interface allows for large-scale eCommerce order management, including tracking and reporting, while their Flex Worker App provides gig workers with a platform to receive customized delivery instructions. By focusing on real-time monitoring and predictive technology, Point Pickup aims to increase customer satisfaction and streamline the fulfillment process for retailers. The company's services are designed for a diverse client base, including major retail brands looking to enhance their eCommerce capabilities and improve customer loyalty through efficient delivery solutions.Point Pickup generates revenue through partnerships with retailers, utilizing a transaction-based model for its fulfillment and delivery services. Retailers can integrate Point Pickup's solutions into their existing eCommerce platforms, creating a seamless customer journey from online purchasing to delivery. This collaboration may involve various pricing structures, where retailers pay for the logistics services based on order volume and delivery frequency. The firm facilitates direct transactions between retailers and their customers, while also engaging a network of Flex Workers who earn income by fulfilling delivery tasks. Point Pickup's signature offerings, including its proprietary Flex Worker App and comprehensive order management interface, are central to its business model, providing significant added value to retail partners seeking to enhance their logistics operations.The recent merger enables the combined entity to provide last-mile delivery, serving a diverse range of industries, including retail, grocery, e-commerce, furniture, and home improvement. In the near future, Point Pickup plans to expand into new markets while also enhancing their existing product offerings. The funding from the latest Series A round will support these initiatives by allowing the company to innovate their delivery technology and scale their operations to accommodate increased demand.

## Funding rounds

- Series A, Oct 8, 2020, $30M — Connecticut Innovations, Brown Brothers Harriman

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A
- Brown Brothers Harriman (https://capitalatlas.ai/funds/brown-brothers-harriman) — Series A