ALAMO, Calif.--(BUSINESS WIRE)--The Eighth Notch, Inc. (T8N), an innovative technology platform focused on logistics for last-mile deliveries, announced today that it secured a $3.5 million investment round led by Ecosystem Integrity Fund (EIF), a leading sustainability-focused, early growth stage investment firm. This latest investment round is targeted at driving scale, channel expansion, and repeatable revenue for the company. The investment will further the company’s mission of “densifying” deliveries, significantly reducing costs and greenhouse gas emissions inherent in today’s last mile deliveries.
T8N provides purpose-built logistics technology solutions with cost-effectiveness and sustainability at their core. T8N’s patent-pending technology identifies and engineers opportunities to eliminate stops in the final mile of delivery by increasing the number of packages delivered to the same destination at the same time.
The company has strategically partnered with a global package carrier to pilot and deliver this ground-breaking technology. T8N’s first-of-its-kind technology platform enables the carrier to eliminate unnecessary delivery stops by collecting, organizing, analyzing, and transforming data from shippers further upstream into highly accurate and predictable opportunities to merge packages downstream. Reducing the number of delivery stops per trip not only saves time and operating costs, but also has a significant and measurable reduction on the carbon footprint of delivery – enabling both carriers and shippers to meet their decarbonization goals.
“T8N is proud to align with EIF – a leader in technology investment focused on driving environmental sustainability,” said T8N Founder and CEO Jamie Sapp. “Our mantra is simple – the best route to a sustainable mile is the one never driven. Towards that end, T8N has covered significant ground in our two-plus years in business, and this investment from EIF will help us take the next step in our journey. EIF’s expertise in sustainable innovation will unlock new opportunities going forward, as we aggressively enable real carbon avoidance.”
“EIF is excited to partner with T8N on the massive opportunity – and imperative – to reduce the carbon footprint of e-commerce. When we identified the team at T8N in the course of our logistics research, we found what they offered to be unique, impactful, and important,” commented Sasha Brown, EIF Partner and T8N Board Member. “T8N is part of the suite of solutions the logistics industry needs to ultimately become more sustainable in the context of its ongoing expansion.”