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FT Partners Advises Route on its $40,000,000 Financing

Overview of Transaction

  • On June 25, 2024, Route announced it raised $40 million in a Series C financing round at a valuation of $1.4 billion
  • Hanaco Ventures led the round with participation from JAWS Ventures, Madrona Ventures, and Granger
  • Route is a leading eCommerce and post-purchase experience provider, protecting brands and their customers with licensed shipping insurance, fast issue resolution, package tracking, carbon neutral shipping, and remarketing
  • Route's package protection is unique in that it is licensed, compliant and backed by a legitimate insurance policy, safeguarding merchants and their customers from risk
  • Since launching in 2019, Route has built an eCommerce network of 13,000 brands and tracked more than $15 billion in protected merchandise

Significance of Transaction

  • With the new funding, Route will continue to innovate and expand upon its solutions, helping brands boost customer lifetime value and satisfaction, while reshaping the eCommerce landscape
  • In 2023, Route reached $100 million in revenue, and the Company has a clear path to profitability

FT Partners' Role

  • FT Partners served as the exclusive financial and strategic advisor to Route
  • This transaction highlights FT Partners' deep domain experience within the eCommerce sector, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies