Online delivery firm Sorted announces $15 million fundraise
UK-based delivery software venture, Sorted, has raised $15 million in growth capital.
$7 million of this was led by an existing investor, Chrysalis Investments.
The funding will support the acquisition of a number of brands, along with product development, growth in the team, and global expansion plans.
Sorted has now raised £46.6 million in total.
Richard Watts, Fund Manager at Chrysalis Investments, says: “The recent pandemic has accelerated channel shift and Sorted are well placed to benefit from this trend, evidenced recently by some very exciting enterprise customer wins.”
Sorted’s software is now live in 17 countries with brands such as Asos, French Connection, Mountain Warehouse, Mulberry, Missguided and Lush.
David Grimes, Founder and CEO, Sorted (pictured above), comments: “This investment comes at exactly the right stage of our journey, following a year which has seen more retail opportunities and challenges than any other in the history of e-commerce.”
“Digital transformation has been driven at incredible speed, and I’m proud of how our team has stepped forward to support an industry undergoing such tremendous change”
He concludes: “This significant investment will continue our work in enabling brands to pivot and offer customers a five star customer experience regardless of challenges in the retail landscape.”
“We’re thrilled to see our investors back our goal to shake up the delivery and logistics sector, with our sights now set on expanding the same service and quality across the global stage.”