LOGISTICS TECH STARTUP VEHO VALUED AT 1.5 BILLION

Veho, a logistics startup that uses technology to help with next-day package delivery, has raised “$170 million in an early-stage funding round led by Tiger Global that valued it at $1.5 billion.” This news comes only six weeks after the company raised “$125 million at a valuation of $1 billion.” The funds will go towards creating more automated warehouses across the nation and quadrupling its headcount to 2,000. Read more…