# Tylt Technologies

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

- Industry: Consumer Services
- Headquarters: Kitchener, Canada
- Website: www.tyltgo.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Mar 29, 2021)
- Investors on record: 2

## About

Tylt Technologies Inc., based in Canada, provides efficient same-day and next-day delivery services tailored for various businesses, enhancing logistics management through their innovative platform.Founded in 2019 by Aaron Paul and Jaden Pereira, Tylt Technologies Inc. operates from Kitchener, Canada, specializing in logistics solutions for eCommerce. The company has pursued a strategy focusing on rapid and efficient delivery services, accommodating a range of products. In March 2021, Tylt raised CAD 2.3 million in a Seed funding round led by Transpose Platform Management, with participation from Y Combinator, marking a pivotal moment in their funding journey. The total amount raised by the company is CAD 2.3 million.Tyltgo specializes in same-day and next-day delivery services, catering to a diverse range of businesses that require efficient logistics solutions. Their core offerings include the delivery of eCommerce products, such as fashion items, home goods, semi-perishable items like flowers and meal kits, as well as products with specific delivery requirements like alcohol and prescription medicine. The platform is designed for ease of use, enabling businesses to focus on growth rather than logistics management. Tyltgo operates in over 200 cities, with its delivery services available in regions including Greater Toronto, Southern Ontario, Greater Ottawa, Rural Ontario, Greater Vancouver, and Vancouver Islands. Their commitment to customer service and logistics efficiency positions them as a valuable partner for small businesses and larger enterprises alike.Tyltgo employs a competitive pricing model that leverages its proprietary routing algorithm to provide cost-effective delivery solutions. The revenue generation primarily stems from B2B partnerships, where businesses, regardless of their size, can access tailored delivery rates. Small businesses with modest order volumes typically benefit from lower next-day delivery rates compared to traditional postal services. For larger retailers and enterprise clients, Tyltgo offers preferred rates that enhance profitability while ensuring timely delivery services. Transactions are structured around service fees associated with delivery, which vary based on the specific needs of the clients, including urgency and types of products being delivered. This pricing strategy allows Tyltgo to efficiently service a wide array of clients while maintaining a focus on customer satisfaction.In March 2021, Tylt Technologies Inc. raised CAD 2.3 million in Seed funding to expand its operations. The company plans to utilize this funding to help more retailers across Ontario and boost local economies. Future initiatives include the development of new logistics technology and expansion into additional markets within Canada. Specific targets for market expansion will be identified as the company continues to enhance its service offerings.

## Funding rounds

- Seed, Mar 29, 2021, $1.8M — Y Combinator, Transpose Platform Management

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Transpose Platform Management (https://capitalatlas.ai/funds/transpose-platform-management) — Seed