PICKUP Secures Strategic Investment from Ross Perot, Jr., Anurag Jain and Mike Wetzer

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Other key local investors participate in round

ADDISON, Texas–(BUSINESS WIRE)–PICKUP™,
the on demand delivery service featuring good guys and their pickup
trucks, today announced that Perot Jain, LP, Wetzer Capital, and some
key Dallas-based investors have made strategic investments in the
Company.

“PICKUP is exactly the type of company our investment firm was created
to support,” said Ross Perot, Jr, Partner, Perot Jain, LP. “We
look for emerging and high-potential technology-based companies that we
can partner with and add value. PICKUP combines a transformative
business model with innovative technology which made it a very
attractive investment opportunity. We look forward to a long and
successful partnership with Brenda and her team.”

“While we hear many great ideas pitched to us, rarely do we see this
degree of alignment where the idea is brilliant, the entrepreneurial
team this strong and the timing perfect,” said Mike Wetzer, founder of
Wetzer Capital. “We are equally delighted to be joining Perot Jain, LP
in this round as their investment goals and ours are well aligned to
grow PICKUP into a highly successful brand over the long term.”

The latest round of funding will be used to continue development of
PICKUP’s technology platform, expand the service regionally, and enable
management to increase its talent pool.

“As an early-stage company, the largest challenge we face is finding the
right investment partners at the right time,” said Brenda Stoner, CEO
and Chief Good Guy, PICKUP LLC. “Our guiding principal is to be white
hat in all we do. To have investors who also live by this business
philosophy is the best outcome we can imagine. These investors provide
PICKUP with additional credibility and resources needed to expand
confidently.”

“The investments we make are not just in the idea or the technology, but
equally in the entrepreneur. When we find a company like PICKUP, with a
passionate entrepreneur and a great business model, and combine that
with investors who are committed to helping build world-class companies
in a very smart and efficient manner, it’s a win-win,” said Anurag Jain,
Partner, Perot Jain, LP.

“We are in it for the long term,” said Joe Beard, Partner, Perot Jain,
LP. “Being a seed investor, we are not looking for an immediate exit or
to just invest and sit on the sidelines. We want to be value-added
partners and actively engage and support our portfolio companies. We are
passionate about companies that take a disruptive approach to
conventional thinking and PICKUP fits that mold.”

PICKUP helps people transport items that are too big to fit in their car
or SUV. Their drivers include off-duty firefighters, military veterans
and other good guys who are required to go through extensive
qualification and background checks. Customers’ goods are insured for up
to $20,000. The service can be ordered online
or via the app available on iTunes
or Google
Play
.

Previously PICKUP announced they had raised $600,000 in seed funding in
June 2015. The amount of funding secured from the strategic investors in
this round is undisclosed.

About Perot Jain, LP

Perot Jain, LP is an early stage venture capital firm founded by Ross
Perot, Jr. and Anurag Jain. The firm is committed to partnering with
innovative entrepreneurs to build highly disruptive, industry
transforming companies. The leadership team combines deep operational
expertise within the technology sector along with extensive strategic
advisory experience to deliver unparalleled value to its investment
portfolio. Perot Jain, LP is based in Dallas, TX, and is actively
seeking investments across the information technology, mobile, peer to
peer and healthcare sectors. For more information, contact info@perotjain.com.

About PICKUP LLC

PICKUP™ is an on demand service featuring good guy drivers and their
pickup trucks. No more renting trucks for moving or hauling large items,
or asking to borrow a friend’s pickup truck. PICKUP™ brings this
experience directly to your mobile device. PICKUP™ drivers are trust
verified and insured for up to $20,000. The drivers are off-duty
firemen, military and veterans who are considered “good guys” that
people would recommend. The company was founded in 2014 and is based in
Dallas. For more information please visit www.pickupnow.com
or follow us on Twitter
or Facebook.

Contacts

for PICKUP
Stacey Gaswirth, 214-213-4675
stacey@gopublicrelations.com
or
Emily
Schneider, 214-213-4675
emily@gopublicrelations.com