The 25-year-old founder of startup Deliverr used this pitch deck to raise $40 million to challenge Amazon by helping online retailers offer free shipping

• San Francisco startup Deliverr uses cutting edge technology, including Machine Learning, to offer a faster and more efficient way for companies to ship their products.
• Deliverr is challenging Amazon's dominant position in online retail, where its Amazon Prime program has upended customer expectations about the speed of online retail.
• Deliverr, which was founded in 2017, announced Wednesday that it has raised $40 million from investors, led by Activant Capital.
• Here's the pitch deck Deliverr used to raise $70 million in total from investors, including 8VC, GLP and Flexport Founder & CEO Ryan Peterson.
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Amazon Prime is now shorthand for free and fast delivery, including next-day service.

It is becoming the standard for e-commerce, creating what Deliverr cofounder Michael Krakaris sees as a huge market opportunity.

In fact, Deliverr is challenging Amazon's e-commerce dominance by using cutting edge technology, including machine learning, to help businesses ship their products quicker and based on the lowest possible cost. That makes it more feasible for even smaller companies to offer the kind of free shipping that Amazon Prime members have come to expect.

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"We're enabling anyone to offer free delivery," he said. "That's good for Amazon in many ways. That's not great for Amazon, in other ways. What's important is it's good for the merchant."

Deliver, which was founded in 2017, announced Wednesday that it has raised $40 million from investors, led by Activant Capital.

Krakaris, who is 25 and who was recently named to Forbes' list of 30 Under 30, said the startup's goal is to ease the burdens many merchants, especially small businesses, endure in shipping products to their customers.

"We're expanding this market not so much because we're eating into the Amazon space, but we're really starting to take from the physical commerce world," he told Business Insider.

While Amazon has revolutionized e-commerce shipping, "they only do it for a certain audience, the Prime audience, and they only do it for certain selections," Krakaris said

Deliverr's mission, he added, is to level the playing field for businesses "so they can sell anywhere they want."

Here's the pitch deck Deliverr used to raise $70 million in total from investors, including 8VC, GLP and Flexport Founder & CEO Ryan Peterson.