After a breakout year in which it delivered on all its market promise and then some, Ottawa last-mile logistics startup GoFor is keeping its foot firmly on the gas pedal as it revs up for an even bigger 2021.
The four-year-old company said Monday it’s closed a $20-million series-A funding round to fuel its ongoing expansion into the U.S. San Francisco-based Builders VC led the round, which also included participation from existing investors Panache Ventures and Plug & Play Ventures as well as newcomers GroundBreak Ventures and MetaProp.
It’s the second major VC raise of the year for GoFor, which landed $9.8 million in seed funding back in June. The company has been riding a massive wave of growth as demand for same-day delivery service has skyrocketed during the pandemic.