Shutl Secures $2M in Funding

Shutl, a London, UK-based internet start-up that operates a web service enabling immediate and convenient delivery of online shopping, has secured $2m in funding.

Backers include new investor the UPS Strategic Enterprise Fund, and existing investors Hummingbird Ventures and GeoPost.

The company intends to use the new capital to expand its engineering team (http://www.shutl.co.uk/jobs), accelerate the acquisition of new retail partners, and prepare to launch its service in the US early 2013.

Led by Tom Allason, Founder and CEO, also known for founding eCourier.co.uk, Shutl connects retailers to local same-day courier companies to enable online and in-store customers to receive their shopping within as little as 90 minutes or within a 1-hour window of their choice.
The company has been operating since March 2010 and counts Argos, Aurora Fashions, Karen Millen, Maplin and Style-Passport amongst its customers.

FinSMEs

03/09/2012

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