South East BIC Client Scurri seeks further funding as business booms on Brexit and Covid

Wexford-based online logistics company Scurri intends to raise additional financing to accommodate growth arising from Brexit and the coronavirus pandemic.

scurri3

The company, which has raised €8.5 million to date, last year secured €1.5 million from existing backers to help it cope with a 55 per cent jump in delivery volumes arising as a result of the first Covid lockdown.

Founder Rory O’Connor told The Irish Times that business had continued to surge during the year with further growth expected in 2021, following the recent deal between the European Union and the UK on their future relationship.

“We expect to be ebitda [earnings before interest, tax, depreciation and amortisation] positive for the first time in 2021,” he said.

Established in 2010, Scurri, which Mr O’Connor describes as being like “Stripe for shipping”, has developed a delivery-management platform that makes it easier for online retailers to ship goods to customers.

Source: Irish Times

Share

JOIN OUR MAILING LIST

Contact Us

South East BIC CLG.
Unit 1B, Industrial Park
Cork Road, Waterford
X91 DT38

Tel: +353 51 356300 

Registered Charity no. 20036706


 

Social Share

Our Partners

 

 

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our privacy policy.

I accept cookies from this site.

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our privacy policy.

I accept cookies from this site.