Irish startup Scurri secures €9 million in a Venture round to further optimize e-Commerce

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The Irish startup Scurri, developing software for e-commerce companies to also optimize their delivery and shipping processes, has raised €9 million in a Venture round already making significant impact in the UK market. The round was led by Gresham House Ventures. Existing investors Milview Advisory, Act Venture, Enterprise Ireland, Episode 1 and individual investor Pa Nolan also saw participation. Since the beginning of its funding journey the company has raised €15.3 million.

Scurri is making the online merchants’ lives easier by managing their parcel carriers with its cloud based and easy to install software, enabling them to simplify their processes, saving cost and time at the same time allowing merchants to focus more on growing their own business. Founded by Rory O’Connor in 2010, Scurri is about ‘connecting commerce’ adding value at multiple stages along the e-Commerce journey. From helping get the purchase over the line at the checkout, to selecting the most effective delivery option for each package, creating accurate labels, tracking the packages, and running analytics to deliver insight

“The UK is probably one of the most sophisticated e-commerce markets in the world,” CEO of Scurri Rory O’Connor said. “There’s a huge amount of complexity in it, which for a system like ours, we want to make things simple, provides good hunting ground for us.”

Scurri generates 70% of its revenue from the UK market. That said, among Scurri’s clients are UK’s favorites such as eBay, Everything5pounds, Vision Direct and Gousto, committed to deliver over 100 million parcels this year spreading across 700 carrier services. The firm has a headcount of 45 professionals, a number the company plans to almost triple in the next three years.

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,” O’Connor said. “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.”

Source: Forbes “Scurri Scoops Up 9 Million To Double Down On UK E-Commerce Demand”

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