Wexford e-commerce player Scurri now plans to triple its workforce to over 120 employees in the next two years.
Scurri has raised €9m in investment to accelerate its expansion to the UK market in a round led by Gresham House Ventures.
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 €15.3m to date.
“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”
The Wexford software player connects and optimises the e-commerce ordering, shipping and delivery process.
The company currently derives over 70pc 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.
Growing client list
“Since our inception in 2010, and especially over the past five 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,” said founder and CEO of Scurri Rory O’Connor.
“The pandemic and the resulting acceleration of e-commerce 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.”
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.
“Our expertise lies in identifying differentiated businesses targeting large markets through disruptive business models,” said Thomas Makey, Investment director at Gresham House.
“Scurri has seen consistent strong growth in recent years, offering online retailers levels of functionality previously only available to the largest players. Led by a high-calibre management team, Scurri’s market-leading delivery management platform is well positioned in a structurally growing space, and we look forward to supporting the business in its next stage.”
By John Kennedy (email@example.com)
Published: 15 June 2021