Phlatbed Receives Investment from Connecticut Innovations

May 12, 2018

Phlatbed Inc, the provider of a peer-to-peer application that helps people and businesses move personal items by connecting them to local drivers,, announced that it received an initial round of funding from Connecticut Innovations (CI), Connecticut’s strategic venture capital firm. The funding will support the company’s operations, expansion and continued product development. 

The company simultaneously announced the official launch of its service in the New England region and the New York City metropolitan area, giving approximately 20 million additional iPhone and smart phone users access to the app. Already used by IKEA customers during a trial period in New England, Phlatbed plans to rapidly expand operations within these two regions throughout 2018.

"We have rapidly built a network of over 3,000 drivers and 7,000 registered users in the New England region during our trial period,” said Phlatbed CEO Alani Kuye. “Because drivers bid on listed jobs, similar to the Priceline model, our users are saving time and money and getting a great experience. With funding from CI, and the two-region launch, we expect 2018 to be a very exciting year of rapid growth.” 

Phlatbed is available for download on Android or iOS devices. In less than a minute, users can post a description of the item they need moved, along with images and pertinent details such as when the move is needed and the locations from where and to where the item needs to be moved. After that information is inputted, the user can name the price they are willing to pay. Drivers then respond to the move request and book the job.

All Phlatbed drivers are screened via a comprehensive background check, insurance verification and orientation. Users can track the entire job via real-time GPS and communicate directly with their driver via chat within the Phlatbed App, giving them 100-percent visibility and certainty on the status of their move. Once the job is complete, the driver is paid within the Phlatbed App. Both parties also have the option to post reviews before the process is completed. 

"Phlatbed is transforming consumer logistics and delivery from a pain point into a delightful consumer experience," said Pauline Murphy, Senior Managing Director, Investments at Connecticut Innovations, and Phlatbed advisor. "Led by a management team that has demonstrated an ability to execute on the company’s vision, we are excited about Phlatbed’s potential for growth.”

To learn more about Phlatbed, to sign up as a customer, driver, retail partner or moving partner, or if you are interested in joining our team, please visit . For images of Phlatbed in action, including screenshots and graphics demonstrating all the ways Phlatbed can be used, click 

About Phlatbed

Phlatbed is an On-Demand technology platform that allows drivers to utilize their vehicles to provide moving services and individuals and businesses to very cost effectively move personal items. Moving stuff is not easy, we get it! So we have made it easy, fast, fair, and affordable, the way you deserve to experience it. You can request or provide moving services based on need, location and price. For the women and men who drive with Phlatbed, we owe a huge thanks to you, our community, for joining us on this industry changing journey, and we hope that you will continue to be a part of our story to a brighter future where people can consume collaboratively. Drive less, Earn more!!

For more information, visit 

About Connecticut Innovations

Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. By offering equity investments, strategic guidance and introductions to valuable partners, we enable promising businesses to thrive.

For more information, visit 

 

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