Wexford-based Scurri closes €9m investment, plans to triple workforce

Wexford-based software company Scurri has secured €9m in investment and plans to triple its workforce over the next two years.

 

The company, which helps businesses ship their products around the world, said this latest round of funding will be used to accelerate growth in the UK market.

 

The round was led by Gresham House Ventures and brings the company’s total funding to date to €15.3m.

 

Scurri currently employs 45 people, and said it plans to expand its workforce to over 120 employees in the next two years – with most of the new jobs based in here Ireland.

 

Rory O’Connor, CEO and founder of Scurri, said the pandemic has significantly increased demand for delivery management software.

 

“For Scurri this effectively represents a number of years’ advancement of the UK market in terms of online penetration and hence our need to now advance our growth and investment plans,” he said.

 

Speaking on their investment decision, Thomas Makey, Investment Director at Gresham House, said that Scurri has seen consistent strong growth in recent years.

 

“Scurri’s market-leading delivery management platform is well positioned in a structurally growing space, and we look forward to supporting the business in its next stage,” he said.

 

Scurri currently derives over 70% of its revenue from the UK.

 

Its platform also allows retailers to create accurate labels, track shipments from dispatch to delivery and provide analytics.

Customers include eBay, Vision Direct and Gousto.

 

Source: RTE