Scurri moves into profitability
Scurri, a cloud-based software provider connecting and optimising the eCommerce ordering, shipping, and delivery process, has announced a €9 million investment to accelerate growth in the U.K. market.
Gresham House Ventures is leading the investment round. Existing investors including family offices represented by Millview advisory, Pa Nolan and others are continuing to support the company in this round. This brings the Wexford-based company’s total funding to €15.3 million to date.
Scurri currently derives over 70% of its revenue from the UK, and will power over 100 million parcel deliveries this year by enabling merchants to present the most efficient delivery option via more than 700 carrier services.
Scurri’s platform also allows retailers to create accurate labels, track shipments from dispatch to delivery and provide analytics. Scurri helps businesses ship their products anywhere in the world through its network of carrier integrations. Customers include eBay, Everything5pounds, Vision Direct, Gousto and many others.
The company currently employs 45 people, and now plans to triple their workforce to over 120 employees in the next two years.
Speaking about the latest funding round, CEO and Founder of Scurri, Rory O’Connor stated: “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. 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.”
“We are also extremely proud and thankful to our amazing team here at Scurri who, despite the upheaval of both the pandemic’s disruption as well as increased trading and logistics complexities fuelled by Brexit, rose to this double-e challenge and helped the company capitalise on the growth opportunities. We pride ourselves on our status of one of the Best Places Workplaces in Ireland and we are delighted with the opportunity to now grow that team further as we bring forward our growth plans.”