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