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Stock impact report

Exclusive: Route raises $40 million Series C at a $1.4 billion valuation [Fortune]

ANI Pharmaceuticals, Inc. (ANIP) 
Last ani pharmaceuticals, inc. earnings: 2/27 08:30 am Check Earnings Report
Company Research Source: Fortune
A quick search in my email shows that I've unwittingly used Route to track packages for years, and for everything—Anthropologie candles, Nike sneakers, Alo sweatpants, and whatever it is I apparently needed from someplace called Heaven Mayhem. But behind those emails (and extensive online shopping) is a business that may not be a household name but which has attained—and retained—its unicorn valuation even as the VC sector has gone into a downturn. Route has raised $40 million in its Series C, valuing the company at $1.4 billion, Fortune can exclusively report. The round was led by Hanaco VC, and included Jaws Ventures, Madrona Ventures, and Granger. Investors in previous rounds include Upfront Ventures and Craft Ventures. Though unicorn-high valuations always garner attention, Route's is notable for its resilience: While the post-money $1.4 billion valuation is only a slight uptick from Route's $1.25 billion valuation in 2022 (when it raised a $200 million Series B) it's still Show less Read more
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