Scurri closes €9m funding round, led by Gresham House Ventures

E-commerce venture Scurri has announced a €9 million investment as it looks to accelerate growth in the UK market.

Gresham House Ventures headed up the round. Existing investors including family offices represented by Millview advisory, Pa Nolan and others also participated.

This brings the company’s total funding to €15.3 million to date.

This week's @Scurri #eCommerce #news roundup is here:https://t.co/BmIOiBWG08 #scurri #connectingcommerce #retail #businessnews #shopify #eCommercejobs
— Scurri (@scurri) May 10, 2021

Scurri, a cloud-based software provider connecting the e-commerce ordering, shipping, and delivery process, currently derives over 70% of its revenue from the UK.

Customers include eBay, Everything5pounds, Vision Direct, and Gousto.

It employs 45 people, and now plans to triple the workforce to over 120 employees in the next two years.

CEO and Founder of Scurri, Rory O’Connor, comments: “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.”

“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.”

Thomas Makey, Investment Director, Gresham House says: “Our expertise lies in identifying differentiated businesses targeting large markets through disruptive business models.”

“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.”