- 2 March 2020
- Transport / Logistics Services
Home and business unattended delivery technology company BoxLock has secured $4.5 million in equity funding from executives that have worked at DHL, TNT, Amazon, Microsoft and Pitney Bowes.
The investment round was led by transportation, logistics and technology industry veterans including incoming board members Dan McHugh, former CEO of Livingston, Southern Air and DHL Asia Pacific, Michael Monahan, former CFO/COO of Pitney Bowes, and Robert Williams, former Amazon and Microsoft executive. The investment round includes other current and former C-level executives from DHL, TNT, uShip, Aramex, InXpress and Maersk.
“As an investor, you are always looking for opportunities that can disrupt, differentiate and scale,” said Hans Hickler, the former CEO DHL Express US and Agility Asia and an early investor and advisor. “BoxLock addresses both a business-to-consumer and business-to-business issue by providing effective solutions to ensure secure, unattended asset transfers during the most critical leg of the process – the final mile. The benefits are far reaching – higher customer and consumer satisfaction, enhanced supply chain visibility and savings, reduced theft, less traffic congestion and lower environmental impact.”
“We are fortunate to have such an accomplished group of industry veterans as active investors and advisors in our business,” said Brad Ruffkess, CEO and founder of BoxLock. “While their financial support is critical, they understand the challenges and opportunities of ensuring secure first and last mile delivery better than anyone. Their advice and counsel will be invaluable as we enter our next phase of growth.”