Irish e-commerce software vendor Scurri raises €9m

Irish e-commerce software provider Scurri has raised €9 million in its latest funding round.

Founded in 2010, Scurri provides solutions which aim to help retailers optimise ordering, shipping, and delivery processes.

The round was led by London-based alternative asset manager Gresham House Ventures.

Existing investors including family offices represented by Millview advisory and Pa Nolan also joined the round.

This brings the Wexford, Ireland based company’s total funding to €15.3 million to date.

The vendor said its current customers include eBay, Everything5pounds, Vision Direct, and Gousto and that 70 per cent of its revenue comes from the UK.

The company currently employs 45 people but plans to triple their workforce to over 120 employees in the next two years.

“Our expertise lies in identifying differentiated businesses targeting large markets through disruptive business models,” said Thomas Makey, investment director at Gresham House. “Scurri has seen consistent strong growth in recent years, offering online retailers levels of functionality previously only available to the largest players.”

He added: “Led by a high-calibre management team, Scurri’s market-leading delivery management platform is well positioned in a structurally growing space, and we look forward to supporting the business in its next stage.”

“The pandemic and the resulting acceleration of e-commerce adoption as well as trading and logistic complexities arising from Brexit have essentially resulted in significantly increased demand for reliable delivery management software and solutions,” said Rory O’Connor, chief executive at Scurri. “For Scurri this effectively represents a number of years’ advancement of the UK market in terms of online penetration and hence our need to now advance our growth and investment plans.”

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