Relay Secures $35 Million to Boost AI Capabilities

Deal News | Feb 27, 2025 | Goodwin

Relay, a UK-based tech-enabled delivery network, has raised $35 million in a financing round led by Plural VC. Founded in 2022 by Jonathan Jenssen and Nicole Mazza, Relay provides comprehensive parcel delivery services tailored for e-commerce businesses. The capital injection, supported by advisory from Goodwin's London and Cambridge Technology team, is earmarked for expanding Relay's operations and enhancing its AI and machine learning capabilities to streamline and cut costs in online shopping deliveries. Goodwin also previously advised Relay during its Seed Financing in 2023.

Sectors

  • Technology
  • E-Commerce
  • Logistics and Delivery

Geography

  • United Kingdom – Relay is based in London and Cambridge, indicating its primary operations are in the UK.

Industry

  • Technology – Relay is enhancing its AI and machine learning capabilities, indicative of its operations in the technology sector.
  • E-Commerce – Relay provides services to e-commerce retailers, improving parcel delivery from warehouses to consumers.
  • Logistics and Delivery – Relay offers comprehensive parcel delivery solutions, dealing with first, middle, and last-mile deliveries.

Financials

  • $35 million – The total amount raised by Relay in the latest funding round led by Plural VC.

Participants

NameRoleTypeDescription
RelayTarget CompanyCompanyA London-based tech-enabled delivery network founded in 2022 by Jonathan Jenssen and Nicole Mazza.
Plural VCBidding CompanyCompanyThe lead investor in Relay's $35 million funding round.
GoodwinLegal AdvisorCompanyAdvised Relay on its $35 million financing round as well as its Seed Financing in 2023.
Jonathan JenssenCo-FounderPersonCo-founder of Relay.
Nicole MazzaCo-FounderPersonCo-founder of Relay.