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20th August 2018

AI delivery start-up On the dot lands £8m in funding

On the dot, the machine learning-driven last mile delivery start-up, and part of CitySprint Group, has announced today it has received an additional investment of £8 million from its parent company, which is itself PE-funded. This new round will help fund On the dot’s further growth: product development, senior hires and international expansion, and builds on the £17.7 million invested in On the dot since its establishment in 2015. Globally, more than $11 billion (£8.5 billion) has been invested in start-ups disrupting the last mile delivery market since 2007.

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