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Industries
Automotive & Transportation
AI & Machine Learning
Consumer Goods
Company Size
51-200
Company Stage
Series B
Total Funding
$74.3M
Headquarters
Bellevue, Washington
Founded
2020
Pandion operates an e-commerce delivery network that focuses on direct-to-consumer shipments. The company uses machine learning and artificial intelligence to improve the speed, accuracy, and reliability of deliveries. Its primary customers are retailers who want to enhance their delivery services, ensuring that packages arrive at customers' doorsteps efficiently and at a lower cost. Unlike many competitors, Pandion offers a flexible and scalable delivery infrastructure that helps retailers increase their on-time delivery rates while reducing expenses. The goal of Pandion is to support retailers in maintaining high levels of customer satisfaction and brand loyalty through effective delivery solutions.
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Total Funding
$74.3M
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Industry Average
Funded Over
3 Rounds
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Pandion’s technology assets include a universal label technology designed to enable for flexible delivery times and logistics. (Pandion Photo)Pandion, a Bellevue, Wash.-based delivery startup that launched during the pandemic-fueled e-commerce boom, has become the latest company to fall victim to the subsequent venture capital crunch and a return to normalcy in online retail.The company informed employees Friday afternoon that it’s shutting down immediately, after talks with potential acquirers proved unsuccessful. Employees will be paid through Jan. 15, without severance. Pandion employed 63 people. As a result of discontinuing operations, the company’s headquarters in Bellevue will close, as will its five sortation centers, in Los Angeles, Dallas, Atlanta, Chicago and Philadelphia
The Seattle waterfront and Port of Seattle properties, with a container ship and West Seattle in the background. (GeekWire Photo / Taylor Soper)Buoyed by longtime logistics giants such as Amazon and the rapid rise of trucking startup Convoy, the Seattle region has emerged as a major epicenter for supply chain software innovation.There are at least 15 startups in the Seattle area (listed below) that develop logistics software to help companies move and manage physical goods.The supply chain talent pool in Seattle has a unique blend of “technical skill and customer focus required to win in today’s economy,” said Jason Murray, a former Amazon vice president and co-founder of Seattle-based shipping logistics startup Shipium.That talent can be traced back to global corporations in Seattle such as Starbucks, Costco, Expeditors, and Amazon.The city has an abundance of “supply chain awareness,” said Dan Lewis, co-founder and former CEO of Convoy, a one-time darling of Seattle’s startup scene that raised investment from the likes of Jeff Bezos and Bill Gates. The digital trucking marketplace was valued at more than $3 billion before shutting down in 2023 and selling its assets to Flexport, which re-launched the platform this year and has a Seattle-area satellite office.The supply chain crisis during the pandemic, along with advances in mobile, AI, and other software-related technologies, has driven interest and funding to logistics startups, Lewis said. Lewis and his co-founder Grant Goodale cut their teeth at Amazon before launching Convoy in 2015.Other Amazon leaders have taken the startup leap into logistics in Seattle, including Dave Clark, the former Amazon Worldwide Consumer CEO who just raised $100 million for Auger, a supply chain tech startup.An Amazon electric van in Seattle. (GeekWire Photo / Kurt Schlosser)Clark, who was recently based in Dallas, returned to the Seattle area to launch Auger.“I think some of the best talent in the world for this particular problem space lives in Seattle,” he told GeekWire in October.Bryan Lacaillade is another former Amazonian now leading a Seattle-area logistics startup, launching Freightmate earlier this year.“Seattle’s logistics tech ecosystem is truly world-class and was the primary reason we chose to launch Freightmate here,” said Lacaillade, who previously worked at Flexport.Mo Afshar, CEO of Pipe17, a Seattle e-commerce operations startup, said the physical proximity to Amazon gives his company an advantage.“Amazon has defined a lot of what logistics means in the modern world, so being in the same city really makes a difference,” he said. Seattle has built a reputation around the country as a hub for logistics tech talent
Pandion, the parcel network designed for e-commerce residential delivery and founded by Amazon Air founder Scott Ruffin, today announced a $41.5 million Series B funding round led by Revolution Growth.
E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon.com Inc.’s speedy delivery — has secured $41.5 million in fresh funds to expand its operation.
The latest highlights and hottest startups from the GeekWire 200 , our monthly ranking of Pacific Northwest tech companies. Click here for the full GeekWire 200 ranking .Several new companies joined the GeekWire 200 while a handful “graduated” in the latest update to our index that ranks the Pacific Northwest’s top privately-held startups.The ranking is derived from our broader list of more than 1,100 tech startups with headquarters in Washington, Oregon and Idaho, and British Columbia.The rankings are generated using a weighted algorithm that accounts for social media followings, approximate employee counts (via LinkedIn) and inbound web links.A startup “graduates” from the list if it gets acquired or goes public. Exit value tumbled across the board last year amid rising interest rates and declines in public tech stock valuations. But some analysts are predicting recovery in the latter half of 2023.Read on for takeaways from the latest rankings.NewcomersThe top ten GeekWire 200 startups in Q4 2022 versus the current rankings.Biggest moversJobscan (No. 125) rose 45 spots. The startup helps job seekers by optimizing their resumes to fit the positions they are pursuing
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Industries
Automotive & Transportation
AI & Machine Learning
Consumer Goods
Company Size
51-200
Company Stage
Series B
Total Funding
$74.3M
Headquarters
Bellevue, Washington
Founded
2020
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