Delivery Startup Bond Raises $15 Million

Delivery startup Bond announced Tuesday that it completed a $15 million funding round participated by Lightspeed Venture Partners, MizMaa Ventures, and TLV Partners.

Bond’s service is designed to improve the delivery experience offered by online retailers. The company connects retailers’ existing e-commerce platforms with a network of small neighborhood distribution centers that are managed by local teams. These neighborhood distribution points facilitate deliveries and returns via environmentally-friendly electric trikes.

Bond’s interface allows customers to schedule deliveries and return pickups, track their deliveries, and communicate with their local delivery person.

Bond, which operates in New York City, was spun off of Israeli direct-to-consumer produce startup Shookit in 2019. According to the company, Bond currently manages deliveries for more than 30 online retailers from six distribution points across New York, processing approximately 15,000 deliveries per month. The company has plans to open six additional points in the New York metropolitan area by March, as well as dozens more throughout the year. Bond is also looking to expand to additional cities, including Chicago, San Francisco, and Dallas.

“We have recognized that retailers are shifting from being product-oriented to being service-oriented,” Asaf Hachmon, co-founder and CEO of Bond, told Calcalist. “To create a high-level service experience, one needs infrastructure, and we are creating this infrastructure through our technology that can integrate with any brand.”