- 29 January 2019
- Transport / Logistics Services
Australia Post competitor, carbon neutral delivery company Sendle has raised AU$20 million in Series B funding. The delivery firm is aiming to accelerate growth and move into international markets.
Federation led the funding round, with support from Full Circle Venture Capital, Rampersand and Giant Leap as returning investors.
Sendle was launched in November 2014 to offer small businesses in Australia, carbon neutral door-to-door delivery at competitive national flat rates. It has been very successful with the company claiming that the parcels it has handled have travelled more than 4.3 billion km, “or 14 times to the Sun and back.”
“We’ve always had one mission at Sendle, and that’s to level the playing field by giving small business owners access to big business delivery infrastructure,” said Sendle CEO and Co-founder, James Chin Moody.
“We exist to offer a cheaper and convenient alternative to Australia Post — a 200 year old functional monopoly that has remained largely unchallenged up until now. The new funding will ensure that we’re well resourced to ramp up our ‘Post without the Office’ fight in 2019 to educate the market about their options.”
Funds raised from the Series B will fuel new product launches, partnerships as well as expansion into new overseas markets as Sendle gears up to take its offering onto the global stage.