The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds has led a new round of investment in PockitShip, the Uber-like, on-demand pickup and delivery service targeting the heavy goods shipping market.
PockitShip is the vision of Steve Senkus, a 21-year logistics veteran, who saw a void in the marketplace where customers were looking for an on-demand shipping service that provides across-town or across-country deliveries of furniture, appliances, fitness equipment and other heavy consumer goods. The current options are do-it-yourself moving or hiring expensive moving and storage companies. Moreover, expensive and fragmented traditional shipping channels make it very difficult for consumers to safely and efficiently choose a quality shipping provider.
Using PockitShip’s proprietary technology and leveraging his unique network of more than 4000 delivery drivers throughout the U.S., Steve Senkus launched PockitShip’s web-enabled and easy to use service this year in the Washington, DC-area and is planning to scale quickly throughout the U.S. Senkus brought on Garrett O’Shea, an 18 year marketing veteran, as President last year to lead the charge.
The CIT GAP Funds has invested $16 million to help develop nearly 130 high-growth new startups, which were then able to attract an additional $286 million in private equity investments. For more information on the CIT GAP Funds, click here.
Read the release here.