Relay Poised to Outpace DPD, Evri & Yodel with £28m Boost
Deal News | Feb 27, 2025 | Business Cloud
Relay, a London-based startup, has secured £28m in Series A funding to compete with established delivery companies like DPD, Evri, and Yodel. Leveraging an AI-powered logistics network, the company aims to transform parcel delivery through an innovative decentralized model, enhancing efficiency and reducing costs. The company plans to expand nationwide, having already demonstrated success with ecommerce retailers. Founded by Jonathan Jenssen and Nicole Mazza, former executives at Stuart, Relay's asset-light model is supported by investors Plural, Project A, and Prologis Ventures. Plural's Taavet Hinrikus sees global potential in Relay's approach to modernizing delivery for the digital era.
Sectors
- Logistics & Transportation
- Technology
- E-commerce
Geography
- United Kingdom – Relay is based in London with operations in the UK and plans to expand nationwide.
Industry
- Logistics & Transportation – The article discusses a startup in the logistics and transportation sector looking to revamp parcel delivery systems.
- Technology – Relay utilizes AI technology to optimize delivery, showcasing technological innovation in logistics.
- E-commerce – The rise in e-commerce and peer-to-peer selling platforms is a focus of Relay’s logistics solutions.
Financials
- £28,000,000 – Amount raised in Series A funding by Relay.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Relay | Target Company | Company | A London-based AI-driven logistics network startup aiming to revolutionize delivery. |
| DPD | Competitor | Company | Established delivery service company in the UK. |
| Evri | Competitor | Company | Another competitor in the parcel delivery market. |
| Yodel | Competitor | Company | A major player in UK parcel deliveries. |
| Jonathan Jenssen | CEO | Person | Co-founder and CEO of Relay, with experience in last-mile delivery. |
| Nicole Mazza | CCO | Person | Co-founder and CCO of Relay, formerly commercial director at Stuart. |
| Plural | Lead Investor | Company | Investment firm leading the Series A funding round. |
| Project A | Investor | Company | Early seed investor participating in the Series A round. |
| Prologis Ventures | Investor | Company | VC arm of Prologis, a global logistics real estate leader, investing in Relay. |