Trexity Raises $5 Million in Seed Funding to Advance Same-Day on Demand Local Delivery Platform
Investment, led by TELUS Ventures, to expand local delivery last mile logistics into new and existing markets, and grow marketing, sales, and engineering teams
Trexity, a same-day, on-demand local delivery technology company, founded by former Shopify executive Alok Ahuja (and partners), announced that it has raised $5 million in a seed round led by TELUS Ventures, with participation from New York-based Studio VC, Winnipeg-based Shindico, Jay Myers (CEO of Bold Commerce), and a number of other notable Canadian angel investors. Funding will be used to expand into new markets across Canada and North America; and increase engagement in currently serviced markets of Ottawa, Toronto, Calgary, and Winnipeg.
“A business is measured by those that surround and support it, and we feel extremely privileged to be in such rarefied company,” reflects Alok Ahuja, CEO of Trexity. “I’m incredibly proud to see how quickly we’ve taken this idea and molded it into a world-class platform that supports an ecosystem of thousands of merchants and couriers daily.”
Several strategic hires will also be made to bolster Trexity’s marketing, sales, and engineering teams. The company also announced today that Brian Martin, Investment Director and Partner, TELUS Ventures, will be joining Trexity’s Board of Directors.
“We’re impressed with the opportunity Trexity has unlocked for local business delivery, allowing owners to not only evolve and meet the demands of a rapidly changing retail industry, but also realize new commercial avenues,” said Mario Mele, Vice-president Corporate Strategy, TELUS Ventures. “Given their extensive experience in this space, we’re confident in Trexity’s founding team and their deep understanding of the needs of today’s merchants.”
Trexity is making on-demand local home delivery a reality for all small and medium-sized merchants. Their independent fleet of couriers earn between $25 and $30 per hour while delivering, making it the most generous delivery platform in Canada.