What you need to know about the Ben Express logistics startup
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Ben Express, a startup backed by Facebook’s Chief Operating Officer Sheryl Sandberg, has raised $7.2 million from a trio of investors.
The funding round, which includes Accel Partners, was led by New York-based Capital Ventures, as well as former Google exec Chris Hughes, according to a post on the company’s website.
Ben Express’s chief executive, John Stahl, will also serve as chief technology officer.
The company will operate as an “enterprise logistics and warehousing” provider, according the company, which has already been hired by some of the largest tech companies in the world.
It has been working on logistics services for years, and it aims to be the “world’s most trusted logistics and supply chain solution,” according to the post.
Ben is expected to be launching in the coming weeks, and the company will be offering its own logistics and warehouse solutions.
Ben has been able to secure $1.5 million in funding from Accel, which is based in Palo Alto, California.
The startup has raised more than $3.5 billion in funding, according at the time of writing to TechCrunch.
The Ben Express deal comes amid increasing competition in the logistics space, with other companies launching their own logistics services.
Amazon’s Prime Air and Postmates have both launched their own fleets of cargo planes.
Last year, UPS launched its own fleet of planes, while FedEx is reportedly planning to launch its own air delivery service in the near future.
The biggest names in the industry, however, have focused on more traditional logistics services like FedEx, UPS, and DHL, which offer their own delivery and distribution services.
The logistics space has also seen a boom in online delivery, and Uber is also reportedly looking at logistics as part of its expansion plans.
Ben’s mission is to build a more streamlined logistics service for Amazon, Uber, and other large companies that need a cheaper way to move products around the world, and to bring these logistics services to consumers.
“The goal is to give our customers a more flexible way to make payments, securely store their money, and keep track of all of their orders,” Ben’s chief technology and innovation officer, Chris Hughes said in the company statement.
“We are excited to work with Amazon and other companies that want to get into this space.”
Ben Express will offer Amazon a way to deliver its own products, and its own warehouse to take its products.
In addition, Ben Express aims to become an integrated logistics and logistics service provider for all of its customers, which can include “big, international logistics firms,” according the statement.
It also aims to work alongside FedEx, and will be able to provide a “more secure” way for customers to transfer money from one payment processor to another, according Ben Express.
Ben will also be able “to offer a full suite of business intelligence, analytics, and risk management tools, including integrated monitoring tools that will help companies better understand their customers, improve customer loyalty, and reduce risk,” according its website.
For companies like Amazon and UPS, Ben has the opportunity to build their own warehouse and logistics networks, and for Ben Express to help companies like FedEx and UPS expand their delivery capabilities, according Hughes.
The new funding round was led and led by Accel Ventures, which was founded in 2014.
Accel has previously invested in other startups, including Twitter, Uber Technologies, and Dropbox.
Ben Express, a startup backed by Facebook’s Chief Operating Officer Sheryl Sandberg, has raised $7.2 million from a trio of…