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Richmond’s Warehowz has built the ‘largest network of warehouses in the country’
October 28, 2022
Serial entrepreneur Darrell Jervey saw the need for a two-sided marketplace within the warehouse industry and seized on the opportunity. He, along with Nick Bawa, founded Warehowz in 2017 and have steadily built the company into a powerhouse in the third-party logistics (3PL) industry.
Before starting Warehowz, Jervey ran two other companies. He had a difficult time securing warehouse space, something that is extremely important in e-commerce. Customers expect purchases to arrive quickly, and that can only occur if the company has dedicated warehouse and shipping operations around the county.
“We just had a dramatic need for warehouse space in different locations, and we simply couldn’t do it, mainly because of software differences and the length of contracts was just a very complicated process for us,” Jervey said. “There’s really no reason for it to be complicated and hard.”
In 2019, Warehowz secured $950,000 in funding. A second $1.2 million round was completed in 2020. The round featured several angel investors and executives from Richmond logistics and shipping companies Estes Express Lanes and Estes Forwarding Worldwide. According to PitchBook, Warehowz secured $5 million in funding earlier this year, but no record exists in public filings. Jervey declined to comment.
“We are a venture-backed company,” Jervey said. “We are always raising money.”
Read the full story here.
- Topics:
- Supply Chain
