How Relay's 'Uberized' Approach to Parcel Delivery Attracted $35M in Series A Funding

• Relay has raised a $35M Series A led by Plural to expand its “asset-free” delivery model that matches couriers to optimized routes via local mini-depots.
• The company uses AI and computer vision to improve proof-of-delivery compliance by 82%, reducing retailer claims and providing instant courier feedback.
• Already serving clients like Vinted, TikTok, and Temu across major UK cities, Relay aims to capitalize on the growing parcel delivery market expected to reach 224 billion shipments by 2030.
• Relay announced a $50 million investment in May 2026, reported more than $1.3 billion in managed deposits, and said it was trusted by more than 150,000 small businesses.

Relay, a European parcel delivery startup, has secured a $35 million Series A funding round to expand its innovative approach to last-mile logistics.

The company is adapting successful Asian delivery models to European markets, challenging traditional Western delivery infrastructure with an “asset-free” approach.

The funding round was led by London-based venture capital firm Plural, with additional participation from Germany’s Project A and Prologis Ventures, the investment arm of global logistics real estate leader Prologis.

Plural, notably co-founded by Taavet Hinrikus of fintech giant Wise, has expressed strong confidence in Relay’s leadership and business model.

Founded by CEO Jonathan Jenssen and COO Nicole Mazza, both veterans of last-mile delivery company Stuart, Relay operates more like a food delivery app than a traditional courier service.

Rather than dispatching drivers from distant distribution centers along fixed routes, Relay utilizes local mini-depots and matches couriers to optimal routes.

”With just one of our customers, we can save a billion miles a year. So imagine this across multiple cities. We’re making a huge environmental impact. And there’s fewer touch points, so there’s less chance of it getting lost,” Jenssen told TechCrunch.

The company is leveraging artificial intelligence to enhance operations, particularly with proof-of-delivery verification.

While most delivery services rely on static photos, Relay employs computer vision technology to verify proper delivery placement, reportedly improving compliance by 82%.

This system provides immediate feedback to couriers, facilitating continuous improvement.

”When we hand over a parcel to a customer, we’re able to detect, has it been left in the garbage bin? Has it been left on the porch?” Jenssen explained. “This is just one small example of how we improve our quality of service, reduce claims for retailers, but don’t increase our cost.”

Already operational in major UK cities including London and Manchester, Relay has attracted notable clients such as Vinted, TikTok, Temu, and THG Fulfil.

The company’s growth comes amid projections that the global shipping market will reach 224 billion parcels annually by 2030, up from 161 billion in 2023.