Shutl Raises $3.2M

Shutl, a London, UK-based e-commerce delivery service, has raised an additional $3.2m in equity funding.

Backers include existing shareholders (which include UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPSHummingbird Ventures and GeoPost) and new investors and Notion Capital.

This round follows a $2m funding Shutl raised earlier in the year (read here).

The company intends to use the capital to expand in North America in the first quarter of 2013, starting with New York and San Francisco via a number of multi-channel retailers and then roll-out across 10 additional North American cities, including Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, Philadelphia, Washington, Montreal and Toronto.

Led by Tom Allason, Founder and CEO, Shutl enables delivery of online purchases either within as little as 90 minutes or within a 1 hour window. The company already operates in 50+ towns across UK. Retail partners include Argos, Aurora Fashions, Karen Millen, Maplin and Style-Passport.

Shutl is hiring (


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