Selazar secures £20m investment and plots global expansion
E-commerce fulfilment startup Selazar has announced a £20 million investment that, it says, will significantly increase its valuation, enhance its UK network and fund expansion into Europe, the US, and Latin America.
The funding will also see Selazar, which launched in 2019, offer additional e-commerce fulfilment technology and financial services to customers.
The investment by an unnamed “large global investment group”, will initially see the Northern Ireland-based venture open new warehouses in Ireland and the Netherlands, followed by four additional facilities in the United States and one each in Mexico and Colombia, respectively.
The capital injection adds to an initial seed investment from Foresight Group, Invest Northern Ireland and angel investors in November 2019.
Jack Williams, CEO at Selazar, says: “We are incredibly excited to announce this significant new investment that will see Selazar embark on the next stage of our journey and expand internationally.”
“Not only will it fund the opening of eight new warehouses, but it will also allow us to further develop our proprietary fulfilment technology and support customers trading in the UK, US, Europe, and Latin America.”
“Above all, this investment separates us from other third-party logistics (3PL) providers. We will be a one stop e-commerce fulfilment shop for retailers wanting to set up business in the US, Europe, and beyond.”
2021 RTIH Innovation Awards
We recently announced Selazar as sponsor of the Most Innovative Pureplay category at our 2021 retail technology awards.
For this category, our judges will be asked to look at the tech deployments, pilots etc listed alongside each online retailer and decide which one has been the most consistently forward thinking and customer centric in 2021.
Last year, AO took home the gold.
In 2020, AO partnered with Tesco to launch its first ever physical retail experience.
Also last year, it expanded its logistics operation and went on a recruitment drive as sales rocketed during the Covid-19 pandemic.
RTIH Editor, Scott Thompson, says: “The coronavirus outbreak has shown just how resilient and fast moving the retail industry can be.”
“And that was reflected in the 2020 RTIH Innovation Awards winners list, featuring as it did, agile, innovative tech ventures and retailers who have performed strongly in challenging times.”
Thompson adds: “The pandemic induced shift to digital has forever changed retail.”
“Retailers are therefore investing in various technologies that deliver personalised customer experiences and make shopping as convenient as possible.”
“Both myself and Selazar can’t wait to see this trend and many others reflected in the shortlists for the Most Innovative Pureplay category.”
