Scurri raises €1.5m following massive Covid-19 growth

The software provider has seen a 55pc increase in delivery volumes since the onset of the lockdown restrictions.

Irish software company Scurri has announced a further €1.5m investment to support company’s continued growth following the Covid-19 pandemic.

The company connects and optimises the eCommerce ordering, shipping, and delivery process, from adding baskets to the customers shop, to tracking orders when parcels are with delivery companies.

Scurri has seen a 55 per cent increase in delivery volumes since the onset of the lockdown restrictions, in line with the current and long-projected boom in the eCommerce sector.

“Contrary to the slowed growth in other sectors as a result of the pandemic, e-commerce is booming”

The new growth opportunities have accelerated growth plans for the Wexford company who, with support from investors, is now fast-tracking several key strategic hires over the next six months to accommodate this growth with longer term plans to expand into new territories. 

“Years ahead”

Boasting customers such as eBay, GymShark and Vision Direct, the company, which currently derives most of its revenue from business in the UK, helps power millions of parcel deliveries each month for companies by allowing the merchants to select the most effective delivery option for each package.

Through a vast array of carriers, the platform allows retailers to create accurate labels and track shipments from dispatch to delivery. Fuelled by the growth in online shopping in the UK and Ireland, the company has also recently opened offices in London.

“We have very ambitious plans for the company in the next 12 months,” said Rory O’Connor, CEO of Scurri, when discussing the company’s latest funding round.  

“For the past seven years Scurri has gone from strength to strength, from start-up to full-service software solutions provider with a growing list of blue chip and fast growth companies in the sophisticated and fragmented UK e-commerce market.

“Contrary to the slowed growth in other sectors as a result of the pandemic, eCommerce is booming. The market for Scurri has now greatly increased and is years ahead of where it would have been pre-Covid. We are in a very fortunate position and excited about what the next twelve months will bring.”

“We are also extremely proud and thankful to our amazing team here at Scurri who, despite the upheaval the crisis has caused, rose to the challenge and helped ensure the company could capitalise on the growth opportunities that came with the recent accelerated growth in the eCommerce sector. We pride ourselves on our status of one of the Best Places Workplaces in Ireland and our team always comes first. We are delighted to be in the opportunity to now grow that team further as we move on to our next phase of growth,” he concluded.

Scurri was recently named as the only Irish company among the top 50 global retail tech start-ups, according to a report by Retail Week and World Retail Congress. In February, the company was officially recognised as one of the Best Workplaces in Ireland and reaffirmed its position as Wexford’s best place to work.

The company’s latest funding round was conducted by a group of existing investors and associates including Act Venture Capital, Episode 1 and Pa Nolan. This round takes the Wexford-based company’s total funding to €8.5m to date.

By Stephen Larkin

Published: 30 June, 2020