Investing in Nash | Andreessen Horowitz

Dayana Jones

We’re excited to announce that a16z is leading the Series A for Nash, an API-based platform for last-mile delivery. 

The Nash marketplace gives businesses the “superpower” of being able to offer delivery, without having to build their own fleet or manage logistics. Nash customers get access to a network of hundreds of local and national providers and immediately receive quotes for delivery requests based on price, availability, and vehicle type. Businesses can use Nash to activate same-day (or even same-hour) delivery for their customers. 

We first partnered with Nash for their seed round in the fall of 2021, shortly after co-founders Mahmoud Ghulman and Aziz Alghunaim launched the company and graduated from YCombinator. At that time, Nash was primarily serving local businesses — many of whom had been hit hard by the pandemic and wanted to compete with Amazon and other mega-retailers  by also offering delivery. 

Since then, Nash has seen what we feel is extraordinary growth in their customer base and revenue. The platform is still a key partner to many SMBs, but it has also become a critical part of the logistics infrastructure for many larger enterprise and consumer companies — even marketplaces. Businesses use Nash to deliver everything from hot meals to auto parts to dry cleaning. 

The Nash platform is built for flexibility. As a business, you can use Nash to run on-demand, scheduled, or even multi-drop off routes. If you already have a fleet in some or all of your markets, you can add these drivers to Nash. The platform will optimize between internal and third-party drivers, saving valuable ops team time. 

Another core Nash value prop is reliability. If you’ve ever waited on a late or missing delivery, you know this is an incredibly frustrating customer experience. The Nash platform tracks and notifies businesses of any delays, and if there’s a delivery interruption, Nash will automatically reroute the job to another provider who can get it done. 

Co-founders Mahmoud and Aziz have been working on projects together for a decade. They first met on the high school science fair circuit, and both studied at MIT. Mahmoud previously founded an on-demand gig-worker startup, while Aziz founded a (YC-backed) nonprofit to connect refugees with translators. They both have a passion for helping other business owners “level up” the services they can provide to consumers. 

The Nash network is live in all 50 states and Canada, and covers more than 94% of the U.S. population. With this round, the company will scale to support more enterprise and SMB customers, as well as continue to grow the Nash provider network to offer even more delivery options. 

Welcome Mahmoud, Aziz, and the Nash team to the a16z family!

***

The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

Investing in Nash

Next Post

Mayor Adams Announces $1.5 Million Investment in NYC Small Business Resource Network

July 26, 2022 Building on Mayor’s Blueprint for Economic Recovery, New Funding Will Extend Program Providing Personal Assistance and Resources Through 2023 Program Has Already Connected More Than 10,000 Small Businesses With Grants, Loans, and Marketing Tools NEW YORK – New York City Mayor Eric Adams today announced a $1.5 […]