Amazon Delivery Rival Secures Fresh Funding For US Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon.com Inc.’s speedy delivery — has secured $41.5 million in fresh funds to expand its operation.

The investment, led by Washington-based venture capital firm Revolution Growth, will be used to hire executives and open new warehouses around the country, including the Pacific Northwest and Minneapolis regions, said founder and Chief Executive Officer Scott Ruffin. The company didn’t disclose its current valuation, which PitchBook in October estimated at $320 million.

Pandion focuses on the so-called middle mile, after customers’ orders are packed and before they’re shipped ...