Sendle, a Sydney, Australia – based courier service for small business, raised AUD$19m in funding.
The round was led by King River Capital, a venture capital firm based in Sydney and San Francisco, with participation from Alberts Impact Capital and Marinya Capital as new investors and returning investors Federation, Rampersand, Full Circle Venture Capital and NRMA Insurance.
The company intends to use the funds to expand its Australian and US markets.
Led by CEO and Co-founder James Chin Moody, Sendle is a carbon neutral delivery service and a certified B Corp with flat-rate shipping across Australia. Small businesses can quote, book, and track parcels from any device.
Today’s announcement follows six months of rapid growth and partner innovation, during which Sendle announced strategic partnerships with Bonds Couriers to launch a solar-powered delivery fleet, with Shopify to power Shopify Shipping in Australia and, most recently, an integration with online marketplace, Etsy.
FinSMEs
18/08/2020