– CANADA, Ottawa – GoFor Industries, a leader in last-mile, on-demand, and same-day delivery, today announced it had closed a CAD$20 million Series A growth investment led by Builders VC alongside participation from MetaProp, GroundBreak Ventures, Plug & Play Ventures, and Panache Ventures, bringing total raised to nearly $30 million.
Concurrent with the financing, Mark Blackwell, Partner at Builders VC will also be joining the GoFor Board of Directors.
“We are always looking for transformational technology companies that are modernizing antiquated industries like logistics and construction. GoFor is doing exactly that. The company has witnessed tremendous growth over the past 12-months with a five times increase in revenue since our first investment in the company last year,” said Mark Blackwell, Partner at Builders VC. “We are thrilled to lead the latest round in GoFor and support their mission and expansion plans into the U.S. and Canada.”
GoFor has witnessed record growth amid the ongoing pandemic, which has led to a surge in demand for reliable, same-day delivery for retailers across industries as customers increasingly make purchases online and expect rapid delivery. By filling the “last-mile” gap in the shipping industry — particularly for large items like building materials — GoFor enables its retail customers to deliver goods on-demand and avoid delays. GoFor’s delivery business and logistics platform specializes in trucks of all sizes that can deliver within three hours of purchase. The company has made over 200,000 deliveries, and since March this year, it has experienced revenue growth of more than 500%. The company’s hundreds of customers include some of the biggest retail names, including one of the largest home improvement stores in the U.S. and Canada.
“GoFor understands that our customers need to compete with Amazon’s level of delivery and that they need to have fast, on-demand, and flexible shipping capabilities. We level the playing field for everyone from the small mom and pop store to the big boxes who all need to find a way to meet the shipping needs of their own customers,” said CEO, Brad Rollo. “Predictable and quick delivery in hours instead of days is going to become the new standard, so access to last-mile delivery has never been more critical to a business’s survival, especially ahead of what will likely be one of the busiest holiday seasons ever for online shopping. Our clients know that they don’t want to have items stuck in warehouses or stores because they can’t ship them quick enough.”
The funding follows record growth for GoFor, which has recently developed partnerships with multiple Fortune 500 retailers to provide rapid delivery for construction, building materials, and other consumer goods. The new funding will support the company’s expansion into 11 new cities, including Atlanta, Baltimore, Washington DC, San Francisco, Memphis, Detroit, Chicago, Boston, Philadelphia, Miami, and Phoenix. GoFor is also available in Dallas/Fort Worth, Houston, San Antonio, Charlotte, and all across Canada.
About GoFor
GoFor Industries is a leading last-mile logistics solutions provider. GoFor’s flexible on-demand platform matches retailers’ and suppliers’ complex needs with a marketplace inventory of fleet operators and drivers — providing fast, reliable, and affordable delivery to customers. GoFor’s streamlined SaaS platform encompasses a full suite of logistics capabilities, including eCommerce integration, dispatching, and reporting. GoFor’s delivery model allows businesses to supplement their busy fleets or act as a complete out-sourced logistics partner. ”Get it Delivered Now”.
For more information: https://www.gofordelivers.com/
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