Scurri raises €1.5m
01 July 2020
The software provider that connects and optimises the eCommerce ordering, shipping, and delivery process, has announced a further €1.5 million investment to support continued growth.
A group of existing investors and associates including Act Venture Capital, Episode 1, Pa Nolan, and others (with J Meade Corporate Finance advising the majority of angel investors), continuing to support the company in this round. This brings the Wexford-based company’s total funding to €8.5 million to date.
Scurri has seen a 55% increase in delivery volumes since the onset of the lockdown restrictions, on top of the current and long-projected boom in the eCommerce sector. The new growth opportunities have accelerated growth plans for the Wexford company who, with support from investors, is now fast tracking several key strategic hires over the next six months to accommodate this growth with longer term plans to expand into new territories.
The company, which 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, through a vast array of carriers, to create accurate labels and track shipments from dispatch to delivery. Scurri helps businesses ship their products anywhere in the world through its network of carrier integrations. Customers include eBay, Ocado, Vision Direct and Gousto.
CEO and founder of Scurri, Rory O’Connor said: “Contrary to the slowed growth in other sectors as a result of the pandemic, eCommerce is booming. The market for Scurri has now greatly increased and is years ahead of where it would have been pre-Covid.”