Ryde, formerly Ryders, a SaaS platform for last-mile delivery, has raised £2.5 million as part of its cunning plan to become a fully integrated delivery management system.
This seed round was co-led by Forward Partners – which recently announced its IPO – and Triple Point, with participation from current investors Seedcamp and Swiss Founders Fund.
Alongside the institutional investors, the company continues to build an impressive list of angels, including Michael Pennington (Gumtree), Will Neale (Fonix), Matt Robinson (Go Cardless) and Ines Ures (former Deliveroo CMO).
Ryde’s founders, are Tom Nimmo and Duncan Mitchell and the raised cash is a slight change from their last cunning plan dubbed Gameplan, built to service enterprise clients in the events sector.
“When Covid hit, we had to think on our feet. All our customer base went into lock-down overnight, and we were under pressure to find a way forward. When we explored last-mile delivery, we discovered a few interesting things. Firstly, the workforce was hugely disenfranchised. Secondly, businesses big and small could not meet consumer demand effectively, and lastly, there was no fit for purpose solution that allowed companies to truly take control of delivery management. We thought these were great problems to tackle”, Mitchell said,
