Planning to invest more in the UK market, the e-commerce and delivery software
start-up Scurri has raised €9 million.
Based in Ireland, the firm develops software for online
merchants to manage and optimise their packaging, dispatch and delivery of
goods. This includes tracking shipments along with analytics on the data
collected throughout this process. This investment round was led by British
growth equity investor Gresham House
Ventures, Pa Nolan, a former director at financial services firm Fexco, and
a number of family offices participating. The total funding till date is €15.3
million.
Currently, Scurri generates 70% of its revenue from
the UK market and it is one their most sophisticated e-commerce industries in
the world. However, according to its
chief executive Rory O’connor, there is a lot of untapped potential for them to
explore.
While the firm has several big-name clients, such as Vision
Direct, eBay and Gousto in the UK, it plans to triple its workforce over the
next two years, while focusing on areas such as sales, marketing, tech
development and customer support.
O’connor advanced, “Brexit and the additional complications
with customs just play into our strengths. It provides even more opportunities
for [Scurri]. We've not even started to
scratch the surface in terms of the opportunities that are in the UK and we've
just seen massive growth in the last year”.
Scurri will focus on the UK market
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