With the holiday shopping season well underway and showing signs that it might not be as sluggish as some predicted, a startup out of Austin, Texas, is announcing funding to build out a new approach to shipping, to help retailers compete against the consumer pull of fast and free Amazon Prime delivery. Maergo — which has designed a platform to manage (and fill) excess capacity on commercial aircraft with parcels, to enable faster and cheaper shipping for the retailers selling those items — has picked up $20 million, a seed round that it’s using to expand its business.
The ba
Maergo raises $20M to provide Amazon-style fast and cheap air and ‘middle mile’ services to online retailers
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