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AxleHire Raises $20 Million, Aspires to National Network
April 9, 2021
AxleHire, a last-mile solutions company that powers delivery for startups like HelloFresh, Deliverr, Freshly and Pet Food Express, has closed a $20 million Series B round aimed at increasing its sortation capabilities, expanding its network of hubs and continuing to expand into general ecommerce.
The funding round was led by Ajax Strategies with participation from Eclipse Ventures, Quiet Logistics, Bee Partners and Acorn Pacific Ventures. Representatives from Ajax, Eclipse and Greenfield Partners will join AxleHire’s board.
“Right now, our business mix is about 70% to 80% time-sensitive shipments like alcohol, prescriptions and food, with 20% to 30% being general ecommerce,” said founder Daniel Sokolovsky. “By the end of the year, it will be closer to 50/50.”
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