Keep pulling the thread on Itamar Zur.
Veho has raised over $300 million from investors including General Catalyst, SoftBank, and Tiger Global.
In early 2022, following interest rate hikes by the Federal Reserve, Veho's investors expressed concern over the company's burn rate and pushed for a path to profitability.
Veho conducted multiple rounds of layoffs in 2022 and 2023 to reduce burn and focus on profitability.
In 2023, Veho revised its company values to focus on a "championship team mentality" to foster a high-performance culture.
Veho has launched a new product to help e-commerce companies offer free shipping as a more cost-effective alternative to carriers like UPS and FedEx.
Veho's long-term strategy is to expand beyond shipping logistics to become a platform that powers the entire e-commerce experience, from shopping to delivery.
Veho is launching a product that allows e-commerce brands to create customized and personalized shipping options for their checkout pages.
Veho operates in 65 markets across the United States, serving over 120 million Americans.
Over the last nine years, Veho has grown to a workforce of almost 1,000 employees.
Veho's delivery network is powered by tens of thousands of drivers.
Veho's CEO Itamar Zur believes that legacy carriers like FedEx and UPS have historically neglected the customer experience at the moment of delivery.
One of Veho's investors is a founder of Veeva Systems, a software company valued at approximately $50 billion.