£500k investment in My Parcel Delivery
The Salford-based firm will use the additional funds to back its growth in e-commerce and the delivery logistics market.
“This latest investment reflects the confidence that the funding community has in both My Parcel Delivery’s growth potential and the scale of the opportunity that exists in the e-commerce and delivery logistics market,” said managing director, David Grimes.
“Our current plans for building a winning team and technology will have a major impact on the shipping industry, especially at a time of rapid growth in the e-commerce market and the need for affordable, high quality delivery technology and services.”
The new cash comes from North West investment management firm, Seneca Partners, which approached My Parcel Delivery following the earlier investment from Praetura Capital.
“We consider My Parcel Delivery a good investment with its proven concept, growing turnover, profitability and excellent leadership. We are certainly excited to be working with them,” stated Richard Manley, director at Seneca Partners.
The firm launched in 2010 and has increased turnover every year. It now sends more than 600,000 parcels via its website every year.