Sorted snags major funding and eyes expansion

Delivery tech firm Sorted has raised £15 million in a Series B funding round led by Merian Chrysalis, alongside Praetura Ventures and NVM Private Equity. 

This takes the Manchester-based venture’s total funding to more than £35 million since its launch in 2010. It will use the cash to accelerate the pace of its technology development and international expansion, as well as increasing employee headcount. 

David Grimes, Founder and CEO, Sorted, says: “We are rewriting the rules when it comes to delivery, and we’re delighted to be pushing forward with our global growth. The backing from these high-profile investors is testament to the size of the opportunity in front of us. This is a really exciting time as we work harder and faster, partnering with the most innovative retailers in the market.”

Richard Watts, Portfolio Manager, Merian Chrysalis, comments: “The delivery management sector is ripe for disruption and we believe Sorted has emerged as the only credible, global challenger to the current market-leader. We are excited to provide David and the team with the growth capital required to continue developing truly innovative technologies and expand internationally.’’

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