Delivery experience pioneer听Sorted听has raised 拢11m in growth capital听after another record year.听
The Manchester-headquartered SaaS firm helps retailers to deliver products to customers worldwide with the boom in online sales听and听has been听named by the FT as one of fastest-growing companies in Europe.听
The round was led by existing investor Chrysalis Investments. Sorted said it will support the acquisition of听a number of听leading brands as well as product development, growth in the team and听further听global expansion.听
Its software is now live in 17 countries with brands such as ASOS, French Connection, Mountain Warehouse, Mulberry,听Missguided听and Lush.听听
From January to December 2020, Sorted saw 100% increase in shipment volume versus the whole of 2019.听
/uk-online-car-retailer-to-go-public-in-us-with-7bn-valuation/
The scale–up grew its portfolio of leading retail brands by over 50%, including Asda,听musicMagpie听and XPO Logistics,听the No.1 Fortune 500 supply chain solution provider facilitating 10 million global 鈥榣ast mile鈥� deliveries each year.听听
In January 2021 alone,听Sorted听saw a 243% growth through its SaaS platform in comparison to the same period in 2020.听听
鈥淭his 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 eCommerce,鈥� said CEO David Grimes.听听
鈥淒igital transformation has been driven at incredible speed, and I鈥檓 proud of how our team at Sorted has stepped forward to support an industry undergoing such tremendous change.听听
鈥淭his 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.听听
鈥淲e鈥檙e 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.鈥�听
/ubers-acquisition-of-uk-taxi-tech-firm-cleared-by-regulator/
Richard Watts, Fund Manager at Chrysalis Investments, said: 鈥淲e are delighted to provide Sorted听with additional capital which will enable them to execute their ambition growth strategy.听听
鈥�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.鈥�听
Mike Fletcher, Chairman of Sorted and Managing Partner at Arete Capital Partners LLP, added: 鈥淎s consumer demand for rich customer delivery experiences soars,听Sorted听is having a huge impact on the retail industry.听听
鈥�As it continues to support retailers to better serve their customers, the company鈥檚 incredible growth so far is a journey that I鈥檓 proud to be a part of,鈥� says Fletcher.听
The company鈥檚 significant growth is also reflected in its new staff, having grown throughout 2020 by adding 28 new hires in lockdown alone, and recruiting key听executive听hires such as听CTO听Tim Cox,听CMO听Dan Greenall听and听FD听David Latham.听
Sorted plans to add another 30 roles over the next year across sales, marketing and tech, as it grows its market share further and expands into new international markets.听