When was Route founded?

Route was founded in 2018 and became a unicorn in 2022, reaching the milestone in 4 years. It raised its 1st funding round 1 year after its incorporation.

Where is Route located?

Route is headquartered in Lehi, United States. It is registered at Rīga, Kurzemes prospekts 56 - 37.

How many employees does Route have?

As of Apr 30, 2026, the latest employee count at Route is 252.

Is Route a funded company?

Route is a funded company, having raised a total of $340M across 4 funding rounds to date. The company's 1st funding round was a $1.53M Seed round, raised on Feb 25, 2019.

How much is Route worth?

The latest valuation of Route is $1.4B as of Jun 26, 2024.

When was the latest funding round of Route?

Route's latest funding was a $40M Series C round on Jun 25, 2024, with participation from 4 investors. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $1.3B in funding in 2026 to date.

Is Route a Logistics Tech company?

The primary sectors of Route are Logistics Tech and E-Commerce Enablers.

Where does Route rank among its competitors?

Route ranks 1st amongst 403 active competitors, of which 30 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Route, which secured $40M in Jun, 2024.

Who are the top competitors of Route?

Route's top competitors include AfterShip, Narvar and Shipup. Among them, Route secured the most recent funding round in June, 2024.

Route - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Route operate in

Route serves in the Transportation and Logistics Tech, Retail market segments.The primary business model of Route are:

Company Details

Provider of post-purchase platform offering shipping protection, tracking, and issue resolution. The platform offers tools for package tracking, product recommendations, and carbon neutral shipping. It facilitates issue resolution for shipping problems and aims to improve customer satisfaction. The platform integrates with online stores to streamline the post-purchase experience.

Website: www.route.com/
Social
Email ID: *****@route.com
Registered Address: Rīga, Kurzemes prospekts 56 - 37

Key Metrics

Founded Year

2018

Location

Lehi, United States

Stage

Series C

Total Funding

$340M in 4 rounds

Latest Funding Round

Series C, Jun 25, 2024, $40M

Post Money Valuation

$1.4B as on Jun 26, 2024

Investors

Madrona & 23 more

Ranked

1^st among 403 active competitors

Employee Count

252 as on Apr 30, 2026

Investment & Acquisitions

Frate

Similar Companies

AfterShip & 551 more

View Route's full profile

Route is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Route App Inc CIN: 82-5251385 , United States, Active	Jan 16, 2019	-	214 (As on Dec 31, 2024)	-
ROUTE CIN: 40003620682 , Latvia, Active	Feb 27, 2003	$10.3K (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-
ROUTE APP, INC. CIN: 6295628 , United States, Active	Oct 04, 2021	-	-	-

Route has raised a total funding of $340M over 4 rounds. Its first funding round was on Feb 25, 2019. Its latest funding round was a Series C round on Jun 25, 2024 for $40M. 4 investors participated in its latest round. Route has 24 institutional investors.

Here is the list of recent funding rounds of Route:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 25, 2024	$40M	Series C	$1.4B	-	Hanaco Ventures	JAWS Ventures, Madrona, Granger Management
Jan 21, 2022	$200M	Series B	$1.25B	33288.0x	Eldridge Industries, Madrona, Riot, FJ Labs, Endeavor, JAWS, Banner Capital	75 & Sunny
Nov 21, 2019	$12M	Seed	-	-	Peak	Album VC, Pattern Com

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View details of Route's funding rounds and investors

The founders of Route are Mike Moreno and Evan W.

Here are the details of Route's key team members:

Mike Moreno: Co-Founder of Route. They serve on the board of 1 company.
Contact Info: 1 email address
Evan W: Founder/Exec Chairman of Route. They serve on the board of 1 company.

Route's Board of Directors

Route's board has 5 active members. Mike Moreno, Evan W, John Mayfield, Christian Nordby and Ryan Anderton are independent board members.

Here is the list of Route's board of directors:

Name	Type	Representing	Status	Duration
Mike Moreno	Independent board member	-	Current	7y 2m
Evan W	Independent board member	-	Current	7y 2m
John Mayfield	Independent board member	-	Current	7y 2m
Christian Nordby	Independent board member	-	Current	4y 2m
Ryan Anderton	Independent board member	-	Current	4y 2m

View details of Route's Founder profiles and Board Members

Route's employee count trend

Route has 252 employees as of Apr 26. Here is Route's employee count trend over the years:

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Top competitors of Route include AfterShip, Narvar and Shipup. Here is the list of Top 10 competitors of Route, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Route 2018, Lehi (United States), Series C	Provider of post-purchase platform offering shipping protection, tracking, and issue resolution	$340M	137 Ventures, Fifth Down Capital & 22 others	72/100
2nd	AfterShip 2012, Singapore (Singapore), Series B	Provider of post-purchase platform for tracking, returns, and shipping solutions	$67M	Tiger Global Management, Business Switch & 3 others	70/100
3rd	Narvar 2012, San Mateo (United States), Series C	Provider of post-purchase platform for retailers, offering delivery and return solutions	$64.4M	Commerce Ventures, Accel & 19 others	70/100
4th	Shipup 2016, Paris (France), Acquired	Parcel tracking software for online retailers	$8.15M	Kima Ventures, Elaia & 1 others	63/100
5th	Parcellab 2014, Munich (Germany), Series C	Connects online merchants with their customers	$112M	Coparion, Insight Partners & 12 others	62/100
6th	Easyship 2014, Hong Kong (China), Series A	Provider of shipping solution for eCommerce sellers	$4M	500 Durians, Rubicon Venture Capital & 9 others	60/100
7th	Slice 2010, Palo Alto (United States), Acquired	Provider of a package tracking app	$38M	Lightspeed Venture Partners, DCM Ventures ... & 9 others	54/100
8th	Hypertrack 2015, San Francisco (United States), Series A	Offers API to track and trace shipments and deliveries	$33.5M	WestBridge Capital, Vy Capital & 8 others	50/100
9th	Distribution Management 1972, St. Charles (United States), Unfunded	Platform offering distribution management and e commerce logistics solutions	-	-	49/100
10th	Truxcargo 2018, Delhi (India), Unfunded	Provider of a tech-enabled logistics and delivery services	-	-	48/100