PrettyDamnQuick Scores $25M Funding Boost in Series A Round
Deal News | Jan 09, 2025 | Moneta Seeds Ltd
PrettyDamnQuick (PDQ), a startup focused on optimizing shipping and checkout processes for e-commerce retailers, has secured $25 million in a Series A funding round led by PeakSpan Capital, with participation from TLV Partners and Moneta. Founded in 2020 and based in New York, PDQ has quickly expanded, already servicing 200 clients and processing 30 million orders monthly, representing $4 billion in gross merchandise volume. With ambitious plans to process 300 million orders by 2025, PDQ aims to capitalize on a market seeking alternatives to selling via major platforms like Amazon. The company's platform offers seamless integration with Shopify, enhancing the entire checkout experience by unifying shipping, payment, and order management processes. PDQ's strategy empowers retailers to personalize checkout experiences, leverage third-party logistics, and efficiently manage order fulfillment and tracking. This funding signifies growing investor confidence in niche e-commerce solutions amidst evolving market dynamics influenced by economic uncertainty and consumer behavior shifts post-pandemic.
Sectors
- E-commerce
- Logistics & Supply Chain
- Financial Technology
Geography
- United States – PrettyDamnQuick is based in New York and provides its services primarily through the U.S. market, integrating with well-known carriers like USPS, DHL, FedEx, and UPS.
- Israel – The founder, Avi Moskowitz, is originally from Israel, and the previous entrepreneurial experience related to starting PDQ is connected to an Israeli company, BeerBazaar.
Industry
- E-commerce – The primary focus of PrettyDamnQuick's business model is in the e-commerce sector, where the company provides technological solutions to enhance and customize shipping and checkout processes for online retailers.
- Logistics & Supply Chain – PDQ's platform includes integration with logistics and fulfillment services, offering interfaces for shipping and order management which are key elements of the supply chain.
- Financial Technology – Incorporating payment processing and checkout optimization aligns PDQ with the fintech industry, as it assists retailers in managing transactions effectively.
Financials
- 25,000,000 – Series A funding raised by PrettyDamnQuick.
- 38,000,000 – Total fundraising by PrettyDamnQuick till date.
- 4,000,000,000 – Gross merchandise volume processed by PDQ since its inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PrettyDamnQuick (PDQ) | Target company | Company | A tech startup focused on providing e-commerce retailers with customizable shipping and checkout solutions. |
| Moneta | Investor | Company | A venture capital firm that participated in the $25M Series A funding round for PDQ. |
| PeakSpan Capital | Lead Investor | Company | This investor led the latest funding round for PDQ. |
| TLV Partners | Investor | Company | A backer that previously invested in PDQ and participated in the current funding round. |
| Avi Moskowitz | CEO and Founder | Person | Founder of PrettyDamnQuick. Founded the idea through experience at BeerBazaar. |
| BeerBazaar | Inspiration | Company | An Israeli craft beer company run by PDQ's founder, where initial ideas for PDQ were developed. |