Scurri raises €1.5m to back expansion plans

Scurri has announced a further €1.5 million investment to support its continued growth.

A group of existing investors, including Act Venture Capital, Episode 1, Pa Nolan, and J Meade Corporate Finance advising the majority of angel investors, backed the company to total funding of €8.5 million to date.

The software provider - which connects e-commerce ordering, shipping and delivery - has seen a 55 per cent increase in delivery volumes since the onset of the lockdown restrictions. The new growth opportunities have accelerated growth plans for the Irish firm, which is now fast-tracking several key strategic hires over the next six months to accommodate longer term plans to expand into new territories.

The company currently derives most of its revenue from business in the UK, helps power millions of parcel deliveries each month for companies, by allowing the merchants to select the most effective delivery option for each package. The platform allows retailers to create accurate labels and track shipments from dispatch to delivery. Customers include eBay, Ocado, Vision Direct and Gousto.

Chief executive and founder Rory O’Connor stated: “The market for Scurri has now greatly increased and is years ahead of where it would have been pre-COVID - we are in a very fortunate position and excited about what the next 12 months will bring.”

“We are delighted to be in the opportunity to now grow that team further as we move on to our next phase of growth”.

John O’Sullivan, general partner at Act Venture Capital, said: “Scurri’s SaaS platform underpins the delivery experience for many of the fastest growing independent e-commerce brands that are redefining their categories; the team has built a great platform.”

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