Ambitious Company To Add New B2B Capability Following Deal

E-commerce shipping platform, ParcelHero, has secured new investment to support its expansion plans and with the help of the Banking & Finance team at Irwin Mitchell.

Westbrooke Alternative Asset Management partnered with Firmament as a co-investor on the transaction.

The investment will help fund the ongoing development of the B2C software platform and a new B2B capability, which will enable retailers to manage multiple carrier relationships through a single platform.

ParcelHero was advised by national law firm Irwin Mitchell, led by Akhil Sharma, and Alantra, led by Robert Young.

Roger Sumner Rivers, the founder at ParcelHero, said: "We are delighted to have Firmament and Westbrooke alongside us as we finalise development of what we believe is a truly differentiated and market leading carrier management platform. Both parties are experienced in working with logistics technology businesses and will be great partners to ParcelHero in the future."

Ted Wong, principal at Firmament, added: "We are thrilled to partner with Roger and the entire ParcelHero team to capitalize on the numerous industry tailwinds within the multi-carrier shipping software industry. As an established supply chain investor, we are committed to providing the capital solutions necessary for the ParcelHero team to grow and further develop its robust technology suite."