Our Next Era of Growth: Expanding Our Platform For the Industrial Supply Chain

Today we announced a $42 million Series B led by Bessemer Venture Partners with participation from existing backers Initialized Capital, Brick & Mortar Ventures, Rainfall Ventures, and others. This is an exciting time as we continue revolutionizing last-mile logistics for construction and industrial supplies.

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Moving $1B worth of construction and industrial supplies every year

Since January 2020, our team has been modernizing the logistics industry by providing a seamless and efficient platform for businesses to manage their industrial supply chain. By offering end-to-end logistics services and a nationwide elastic fleet, we helped our customers move over $1 billion worth of supplies across the United States last year. Enabling companies like Ferguson, Winsupply, Sherwin-Williams, Johnstone Supply, and United Rentals to quickly and securely deliver complex loads ranging from heavy machinery to lighter loads such as pipes, pallets, large appliances, and water heaters.

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In the last three years, we’ve rapidly grown to meet the overwhelming demand from our customers. We’ve expanded our services to cover all types of delivery options including hot shots, dedicated services, and freight, powered by a national fleet of vehicles ranging from sedans to box trucks and flatbeds. We’ve also delivered complete transparency and the fastest delivery options in the industry. In this time we’ve started serving customers beyond our hometown of Los Angeles, growing our network nationwide with a presence in every major U.S. city.

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Helping our customers close business and cut costs

Our customers save nearly a third on operational costs and convert 24% more sales by offering same-day delivery powered by Curri. In the current economic climate, a distributor using an elastic fleet to manage seasonal fluctuations and unpredictable demand creates efficiencies that allow them to outcompete those burdened with fixed internal costs such as maintenance, insurance, and payroll.

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“Building more responsive supply chains will require a shift to flexible fulfillment networks,” said Mike Droesch, General Partner at Bessemer Venture Partners. “Curri has built the leading elastic network for last-mile industrial deliveries, powered by enterprise-grade technology.”

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Suppliers who can’t make urgent, on-demand, or long-distance deliveries are leaving sales on the table and risk losing customers and business to suppliers who do. Fleet augmentation with Curri has become the secret weapon of suppliers who care about getting material into their customers’ hands, fast.

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What’s Next

This investment will enable us to continue delivering operational efficiencies to our customers and achieve our vision of becoming the go-to platform for industrial supply chain management. We plan to:

• Accelerate product innovation by continuing to enhance our platform with new features and functionalities that improve the user experience for customers and drivers.
• Improve operational efficiency by investing in processes and infrastructure to improve our operational efficiency and reduce costs.
• Expand Sales and Marketing efforts, increasing our efforts for new customer acquisition.

The last few years have been an incredible journey for our team. Every day we continue to be awe-inspired by our customers and are grateful for their help shaping the platform. We can’t wait to take the next step forward and continue building a better industrial supply chain.

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