SOURCE: Dolly

Dolly

October 01, 2015 07:30 ET

Dolly, the Leading Moving and Delivery App, Hauls in $8 Million Series A Round Led by Maveron

Company Plans Extensive Expansion Across Nation, Growth of Strategic Retail Partnerships and Recruitment of World-Class Seattle-Based Team

SEATTLE, WA--(Marketwired - Oct 1, 2015) - Dolly, the leading peer-to-peer app that helps people and businesses move, haul and deliver just about anything, announced the close of Maveron-led, $8 million Series A funding following an initial $1.7 million seed investment in October 2014. The round also included participation from Jeff Wilke, senior vice president of consumer business at Amazon; series seed lead investors Chris Capps and Dick Kiphart from KGC Capital; and other angel investors. Funding will provide Dolly the resources to disrupt one of life's inevitable but least technologically developed industries: moving, hauling and delivery.

"Michael Howell and his co-founders at Dolly are extraordinary entrepreneurs with the vision and execution ability to transform delivery from a pain point into a delightful consumer experience," said Jason Stoffer, Maveron General Partner and Dolly Board member. "Dolly already has created the best consumer experience that we've seen in the category, and it has one of the highest customer satisfaction scores (NPS) we have ever seen in a young company."

Experienced in developing light, elegant technology solutions for complex applications, Dolly was founded by Michael Howell (co-founder of Wetpaint, acquired by Viggle), Chad Wittman, Jason Norris and Kelby Hawn (founders of EdgeRank Checker, acquired by Socialbakers).

"By blending streamlined technology solutions with great customer service, Dolly has transformed an otherwise antiquated $50 billion moving industry that's traditionally competed on price," said Howell. "Peer-to-peer technology has already changed the way consumers get across town or even book a place to stay. Likewise, Dolly makes moving almost anything easier, more convenient and more affordable than existing alternatives."

Dolly will use the funding to expand into nearly 20 additional markets by the end of 2016, build a world-class engineering, business development, marketing and operations team based in Seattle and continue to develop strategic alliances, such as their partnership with Crate & Barrel, which is utilizing Dolly for more delivery options.

"The Crate & Barrel customer is smart, modern and savvy. Crate & Barrel's partnership with Dolly marks our commitment to adopting innovations that bring our customers a better overall customer experience," said Chris Kaye, vice president of supply chain at Crate & Barrel. "Deploying Dolly has given our customers another great customer service option to deliver product to their homes safely."

In the near-year period since the founders launched Dolly, the company has experienced an explosion in demand. "We've helped people move over 30,000 items this year alone -- and our number one source of growth is word-of-mouth," Howell added. "We're creating a fundamentally new customer experience that's definitely worth sharing."

"Valued at more than $100 billion, the booming sharing economy has transformed nearly every consumer industry, from transportation to lodging to even how we take care of our pets -- all in less than four years," said Jeremiah Owyang, founder and industry analyst at Crowd Companies, a social economics firm. "With more than 36 million moves (American Moving and Storage Association), a $50 billion truck rental, moving services and local delivery market, and more than 20 percent of top metropolitan dwellers not owning a vehicle (U.S. Census), the market is ripe for a sharing solution to revolutionize the antiquated moving industry."

For images of Dolly in action, screenshots, and graphics showing you all the ways you can use Dolly, click here.

About Dolly
Dolly is the peer-to-peer mobile app that eliminates the stress of moving, hauling and delivering. Within minutes, users can download the app, answer a few questions, get an upfront, guaranteed price and set up a 30-minute window for their move. Dollys are serviced by "Helpers," thoroughly reviewed and trained service contractors who use their own reliable pickup trucks, vans and large SUVs. Every move can be tracked in the app via GPS, and all transactions are 100% cashless. With headquarters in Seattle and expanding operations in Chicago and Seattle, Dolly makes moving, hauling and delivering almost anything seamless.

About Maveron
To learn more about Dolly, schedule your first Dolly or if you are interested in joining our team, please visit http://www.dolly.com.

Maveron is a consumer-only venture capital firm founded in 1998 with offices in Seattle and San Francisco. Since its first investment in eBay, Maveron has invested in innovative consumer brands along the way, including zulily, Everlane, Julep, Shutterfly, Groupon, and most recently Dolly. For more information about Maveron, visit http://www.maveron.com.

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