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UPS invests in Deliv 24 February 2016

Gaining insight into the market dynamics of same-day delivery

Deliv, the leading crowdsourced, same-day delivery company, has raised US$28.0 million in funding, with participation by a new investor, the UPS Strategic Enterprise Fund, and existing financial and REIT investors including Upfront Ventures, RPM Ventures, PivotNorth Capital, General Growth Properties, The Macerich Company, Simon Venture Group, Taubman Centers, Inc. and Westfield Corp.

The funds will be used to support Deliv's dramatic growth, enhance its product depth and breadth and broaden its national footprint, advancing the Company’s position in the fast growing, multibillion dollar same-day delivery market.

The UPS Strategic Enterprise Fund invests in companies that have innovative business models, and this investment will provides UPS with further insights into the market dynamics of same-day delivery.

Deliv stands out in the fast-growing same-day delivery market. Deliv is focused exclusively on managing the movement of goods, but it does not sell them. This unique business model has proven to be a winning strategy for Deliv, attracting the nation's top retailers, leading eCommerce players, local merchants, and businesses.

Deliv's strategy of making last mile delivery ubiquitous by creating an asset free logistics network has paid off. In 2015, Deliv more than doubled the number of markets it serves to 17, grew delivery volume 10x, and demonstrated repeatable profitability.

Deliv powers delivery and returns services of some of the nation's top retailers including Macy's, Bloomingdale's, Best Buy, Kohl's and Walgreens as well as marketplaces and eCommerce leaders including Google Express, Farfetch, The Bouqs and Plated. It also partners with thousands of local merchants and businesses that use Deliv to courier documents around town, deliver cupcakes or deliver time critical supply parts.