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Route
Route is a post-purchase experience platform and package tracking company that enhances the e-commerce landscape by connecting consumers with brands from delivery to product discovery. Founded in 2019 by Evan Walker and Mike Moreno, Route has reached unicorn status with a valuation of $1.25 billion after raising over $250 million in capital. The company offers a comprehensive suite of tools for merchants and shoppers. For merchants, Route provides package tracking software, AI-powered package protection, and a product discovery platform, along with seamless returns and exchanges management. The Route mobile app serves as a hub for shoppers, allowing them to track all orders in one place, file claims for lost or damaged items, and discover new brands. With over 13,000 merchants and more than 3 million monthly active users, Route plays a significant role in the e-commerce sector, protecting over $20 billion in gross merchandise value. The company is headquartered in Lehi, Utah, and Los Angeles, California.
Funding
Every round, secondary, debt facility or acquisition involving Route that Lounge tracks, newest first.
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In the news
FastRouter.ai: Route requests to the right LLM for cost, latency & qualityStripe to buy OpenRouter for more than $7B, turning model routing into payments infrastructureOpenRouter raises $113M Series B at $1.3B led by CapitalG
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$100M