Irish e-commerce ordering, shipping, and delivery process optimiser Scurri has raised €9 million in a funding round led by Gresham House Ventures. The round also saw the return of existing investors including family offices represented by Millview Advisory, and Pa Nolan. Previous investors in the company include Act Venture Capital, Enterprise Ireland, and Episode 1. To date, the firm has raised €15.3 million.
Founded in 2010 by Josephine O'Connor and Rory O'Connor, Scurri seeks to help merchants be merchants and not order fulfillment and logistics specialists. Working from soup to nuts, Scurri helps sellers get orders over the line in the oft-abandoned shopping basket, automatically calculates and selects the most effective delivery option per order, creates labels and tracking data, and is continually running analytics in the background, making recommendations on how to improve the overall running of operations.
At the risk of flogging a dead horse here, the pandemic has seen the e-commerce sector accelerate exponentially, and thus, the call for Scurri’s offer. Now toss a vote to leave the European Union in the mix, and you can imagine the call for logistics solutions in the UK has skyrocketed. So much so that Scurri reports over 70% of its revenue is derived from Great Britain.
Scurri counts eBay, Everything5pounds, Vision Direct, and Gousto amongst its client base, and is on track to power the delivery of over 100 million parcels this year, spread across 700 carrier services.
The firm has a headcount of 45 professionals, a number the company plans to almost triple in the next three years.
“Since our inception in 2010, and especially over the past 5 years, we have grown into a trusted delivery management platform with a growing list of blue-chip and fast-growth companies with operations across the globe. The pandemic and the resulting acceleration of eCommerce 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,” comments CEO Rory O’Connor. “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.”
Photo: Andreas Poveda