Scurri Raises €1.5m To Accommodate Accelerated Growth Due To Pandemic

Scurri, the software provider that connects and optimises the eCommerce ordering, shipping, and delivery process, has announced a further €1.5 million investment to support continued growth. A group of existing investors and associates including Act Venture Capital, Episode 1, Pa Nolan, and others (with J Meade Corporate Finance advising the majority of angel investors), continuing to support the company in this round. This brings the Wexford-based company’s total funding to €8.5 million to date.

Scurri has seen a 55% increase in delivery volumes since the onset of the lockdown restrictions, in line with the current and long-projected boom in the eCommerce sector. The new growth opportunities have accelerated growth plans for the Wexford company who, with support from investors, is now fast-tracking several key strategic hires over the next six months to accommodate this growth with longer-term plans to expand into new territories.

The company, which currently derives most of its revenue from business in the UK, helps power millions of parcel deliveries each month for companies by allowing the merchants to select the most effective delivery option for each package. The platform allows retailers,  through a vast array of carriers, to create accurate labels and track shipments from dispatch to delivery. Scurri helps businesses ship their products anywhere in the world through its network of carrier integrations. Customers include eBay, Ocado, Vision Direct and Gousto.

Speaking about the latest funding round, CEO and Founder of Scurri, Rory O’Connor stated: “We have very ambitious plans for the company in the next 12 months. For the past seven years, Scurri has gone from strength to strength, from start-up to full-service software solutions provider with a growing list of blue-chip and fast-growth companies in the sophisticated and fragmented UK e-commerce market. Contrary to the slowed growth in other sectors as a result of the pandemic, eCommerce is booming. The market for Scurri has now greatly increased and is years ahead of where it would have been pre-COVID. We are in a very fortunate position and excited about what the next twelve months will bring.” 

“We are also extremely proud and thankful to our amazing team here at Scurri who, despite the upheaval the crisis has caused, rose to the challenge and helped ensure the company could capitalise on the growth opportunities that came with the recent accelerated growth in the eCommerce sector. We pride ourselves on our status of one of the Best Places Workplaces in Ireland and our team always comes first. We are delighted to be in the opportunity to now grow that team further as we move on to our next phase of growth”.

Speaking on the raise, John O’Sullivan, General Partner, Act Venture Capital said: “eCommerce scale needs a seamless experience – product choice, UI, checkout, tailored delivery and confidence in returns – all need to work brilliantly. Scurri’s SaaS platform underpins the delivery experience for many of the fastest-growing independent eCommerce brands that are redefining their categories. The team has built a great platform.” 

Damien Lane of London-based Episode 1 Ventures added: “Scurri has developed a best in class solution for its customers and, with the accelerating move online of retail commerce, Rory and his team are in a fantastic position to continue their strong growth and we are excited to continue to support them as they expand into new territories.” 

Scurri was recently named as the only Irish company among the top 50 global retail tech startups, according to a report by RWRC – home of Retail Week and World Retail Congress. In February, the company was officially recognised as one of the “Best Workplaces in Ireland” and reaffirmed its position as Wexford’s best place to work.