Veho, a startup that uses technology to facilitate next-day package delivery, raised $170mn in an early-stage funding round led by Tiger Global that valued it at $1.5bn.

The fundraise announced on Tuesday also included SoftBank Vision Fund 2 and came six weeks after the company raised $125m at a valuation of $1bn.

Last week, logistics company Flexport doubled its valuation to $8b in a $935m funding round led by venture capital firms Andreessen Horowitz and MSD Partners.

Read more: Reuters