Maergo Raises $20M in Seed Funding
Summary
Maergo (previously known as X Delivery), an Austin, TX-based provider of a national carrier serving retailers and DTC brands, raised $20M in Seed funding. The fundraise follows a year of product development, team growth, and sales progress with the addition of customers including Saks Fifth Avenue, Allbirds, Chubbies, and Buck Mason. These retailers join a growing list of clients focused on improving the delivery experience for their customers. Technology updates include improvements to their predictive, real-time decision and routing platform that continuously optimizes first, middle, and last mile operations. Prior to Maergo, Lavelle was CEO of Magento, which he led to a $1.7B sale to Adobe in 2018, and was cofounder of Bill Me Later, the first BNPL company acquired by PayPal.