SCURRI SET TO ADVANCE UK RETAIL MARKET FOLLOWING LATEST INVESTMENT
Scurri now poised to reduce complexity of delivery for thousands of UK online retailers
Scurri, the powerful ecommerce delivery platform, announced on 11th March 2014 a fresh commitment to the UK market after securing a second round of seed funding totalling €1.2 million.
Technology experts, Episode 1 Ventures, ACT Venture Capital and Haatch joined existing Angel investors to fund expansion plans for the innovative delivery management firm. The capital raised will immediately help the business develop further in the UK, with many merchants able to reap the benefits almost instantly. The investment will also see Damien Lane from Episode 1 and Scott Weavers-Wright from Haatch join the Scurri board of directors set to boost the performance of ecommerce delivery.
Rory O’Connor, Scurri’s CEO and Founder, commented: “Delivery remains a huge priority for both customers and merchants, ecommerce is accelerating and customers now expect Amazon-level service as standard. Our technology gives growing online merchants the power to fulfil this need quickly and affordably. As one of the first purpose built cloud-based solutions in Europe Scurri has found a better way to serve the market, reducing the cost and resource draining complexity of current shipping solutions. We are delighted to have secured both the financial investment and the expertise of Episode 1, ACT and Haatch as we look to assist more growing online merchants in the UK.”
Damien Lane, Partner at Episode 1, says of the investment, “At Episode 1 we enjoy working with organisations that have a deep understanding of their sector. Online retail is a large and rapidly expanding space and Scurri takes the complexity from online by managing their delivery partners, giving them more precious time to focus on merchandising and sales. Until now such a dedicated service has not existed in the market.
We’re looking forward to working with Rory and the team on the long-term business strategy and to sharing our knowledge of the logistics space. Managing Partner of Episode 1, Simon Murdoch, was Chairman of Shutl, the rapid delivery service, which was recently acquired by Ebay, so it is a space we know very well.”
John O Sullivan, General Partner at ACT commented: “Scurri eases a big friction point in E-Commerce, it is an ideal investment for the AIB Seed Fund.”
With a cloud-based platform that easily integrates parcel carriers with ecommerce merchants’ technical stack, Scurri’s universal solution is far more aligned with the fast-paced retail sector than its competitors. The simple software solution optimises the customer delivery experience, allowing merchants to effectively deliver on brand promises and drive customer loyalty.
Haatch Co-Founder Scott Weavers-Wright, formerly CEO of Kiddicare and Chief Architect at Morrisons, commented: “Brilliant delivery and logistics is fundamental for great customer experience and retention. We have a lot of experience in retail, which gives us the confidence that Scurri not only fixes a real world problem for retailers, but is also a great fit for Haatch. We’re looking forward to using our expertise and network of contacts to make the venture a success.”