Scurri, the software provider that connects and optimises the e-commerce ordering, shipping, and delivery process, today 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, are continuing to support the company in this round. This brings the company’s total funding to €8.5 million to date.
Founded in 2010 in Wexford, Scurri today also has offices in London. Since the onset of the lockdown restrictions the company has seen a 55% increase in delivery volumes, in line with the current and long-projected boom in the eCommerce sector. The new growth opportunities have accelerated growth plans for Scurri which, 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 software 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.
Speaking about the latest funding round, the CEO and founder of Scurri, Rory O’Connor stated: “We have very ambitious plans for the company in the next 12 months. For the past seven years Scurri has gone from strength to strength, from startup to full service software solutions provider with a growing list of blue chip and fast growth companies in the sophisticated and fragmented UK e-commerce market. Contrary to the slowed growth in other sectors as a result of the pandemic, e-commerce is booming. 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 twelve months will bring.”
Speaking on the raise, John O’Sullivan, General Partner, Act Venture Capital commented: “E-commerce scale needs a seamless experience – product choice, UI, checkout, tailored delivery and confidence in returns – all need to work brilliantly. Scurri’s SaaS platform underpins the delivery experience for many of the fastest growing independent eCommerce brands that are redefining their categories. The team has built a great platform.”