Tuesday, 9 October 2012

Scurri.com to create ten jobs with €600k new investment

We have covered Scurri.com last year at the DWS and this is great news:-

Scurri.com to create ten jobs with €600k new investment

- South East BIC and the Halo Business Angel Partnership assisted Scurri to secure funding from business angels and Enterprise Ireland
- Four of the positions to be filled this year
- Jobs to be based in Scurri head office in Duncannon, Co. Wexford

Waterford, 08 October, 2012 - South East Business Innovation Centre (South East BIC), in conjunction with the Halo Business Angel Partnership, today announced that Wexford based start-up, Scurri.com, has secured investment of €600,000 to support development of its online shipping service as well as company expansion. On the back of this investment Scurri will create ten new jobs in the south east region over the next 18 months.

The investment comes from multiple sources including private individuals, business angel investors and Enterprise Ireland. South East BIC worked closely with Scurri and the Halo Business Angel Partnership to deliver the funding from business angels and Enterprise Ireland.

Four of the ten new jobs will be created by the end of 2012 with the remainder to be hired by early 2014. The jobs will be based in Scurri’s head office in Duncannon, Co. Wexford and are in the areas of software development, design, sales and marketing.

Scurri provides an innovative online service for e-commerce businesses to help them better manage the delivery of products. With Scurri, e-commerce businesses who are delivering physical goods, can use a suite of online management tools that allows them to analyse and manage their deliveries by accessing data from their transport providers. Through its propriety processes and APIs Scurri.com connects to ecommerce platforms and simplifies the management of the entire delivery process, improving delivery performance and overall customer service.

Rory O’Connor, CEO and founder of Scurri said, “South East BIC was an invaluable and integral support throughout the whole process. They helped us to develop our business plans, critically analyse them and prepare us for investment. We now have investors who are not only providing us with the funding but are also passionate about helping us to grow the business.

“The business angel investors have given us that extra boost we needed to continue developing our software platform and start to enter new markets. We are now targeting the UK and hope to expand beyond this into New Zealand and Australia in the next 2 years.”

Aidan Shine, Assistant CEO, South East BIC, commented, “We are delighted to be involved with Scurri and wish them well in their future plans. This is the 10th such investment facilitated by South East BIC since we began the Business Angel Programme some four years ago. Our team in the BIC is fully committed to enhancing the South East as a home for budding entrepreneurs by facilitating the sourcing of such scarce early stage funding.

“Today, angel investing is a real alternative in the range of investment opportunities. We are always looking to speak with potential new angel investors who could benefit from South East BIC’s ability to mitigate their risk as we identify and develop only the highest potential projects.”