Congratulations to Jonathan Jenssen, Nicole Mazza and the whole Relay Technologies team for this important milestone on their journey to reimagine and transform scheduled e-commerce delivery in the UK and beyond. We couldn't be prouder to have led the company's Pre-Seed rounds in late 2022 and early 2023. Relay's asset-light, highly tech-enabled business model (similar to that of Asian e-commerce delivery companies) leverages the underutilised resources of idle daytime working hours of last-mile courriers and excess storage space at local convenience stores, leading to many fewer miles traveled per parcel, many fewer warehouses needed and a much greater reliance on mopeds and bicycles instead of vans and cars. The result? Cheaper 💰, faster⌛ and more reliable deliveries for consumers and less pollution 🌍 and traffic 🚚 on city streets. It's been a privelege to see the team innovate technologically and execute operationally so strongly over the past year and we can't wait to see the company continue to go from strength to strength in the year ahead. Jonathan Jenssen Nicole Mazza Relay Technologies Project A Ventures Prologis #sustainability #logistics #innovation
We're thrilled to announce Relay’s $10m seed funding backed by Project A Ventures and Prologis Ventures, a significant milestone in our mission to revolutionise the delivery landscape. We began Relay with a vision to overhaul the traditional delivery network, creating a full-stack delivery service to meet the dynamic needs of modern e-commerce retailers and their customers. Today, we're proud to see this vision come to life in London with industry leaders like THG & JD Sports Fashion and burgeoning digital-native consumer brands. Looking ahead, we're excited to expand our service and revolutionise delivery for retailers across the UK in 2024. We are immensely grateful to Project A Ventures and Prologis Ventures for their support and belief in our vision. Their backing has been crucial in transforming our ambitious idea into a thriving reality. A huge thank you also goes out to the team and every individual who has been part of Relay's journey so far. We are so grateful for your support, and we would not be here without you. Here's to redefining e-commerce delivery together! 🚀 #ecommerce #delivery #futuredelivery #relay #seedfunding https://lnkd.in/exB9KPHm