Manchester-based delivery tech platform Sorted has raised $40 million (£30.1 million) in Series C funding, and moved for an automated returns company also based in the city.
It has acquired Clicksit, which provides a solution for automating the customer return process and has a significant presence in the US market, where Sorted is continuing its growth.
Today’s funding round was led by Chrysalis Investments and Arete Capital Partners. It follows this year’s fundraise of $15 million (£11 million) to support its expansion, which Chrysalis also contributed to.
“Our acquisition of Clicksit marks an important milestone in the company’s rapid expansion journey,” said Carey.
“Returns is, now more than ever, a crucial step in the ecommerce customer journey, and we are excited to power returns innovation as part of our full Delivery Experience Platform.”
The CEO of Clicksit, Thomas Hill, added: “Sorted’s acquisition of Clicksit has come at a pivotal moment for the retail industry.
“Customers are now expecting – and demanding – faultless delivery and returns experiences as standard, regardless of whether they order from a large multinational brand or a small business.”