Sydney-based courier raises $850,000 to fund further expansion
Sydney-based same-day courier company Zoom2U has raised $850,000 in its latest round of funding. In a notice posted on his blog on Monday (29 June), Zoom2U founder Steve Orenstein said that the new funds will be used to expand Zoom2u’s business throughout Australia, with a “focus on helping businesses of all sizes deliver goods to their customers at speed”.
As part of that focus on working for businesses, the company will now offer to make deliveries “on account.”
Orenstein commented: “Since we started Zoom2u we have only offered our service to customers who paid by credit card, from today we will now expand our service to allow for high volume business customers to apply for an account. ”
The round of funding was co-lead by Anthony Klok a member of Ellerston Capital’s advisory board and a Temando non-executive Director (former chairman) will now join Zoom2u’s board. Tony Gandel, founder of Gandel Invest, also invested in the first round.
The company started operations last year in its home city Sydney and subsequently expanded its delivery network to include Brisbane, Melbourne and Adelaide.
