Yodel raised £85M in a funding round led by PayPoint and IGF to automate operations and modernize infrastructure amid e-commerce boom.
Aug 05, 2024•over 1 year ago
Amount Raised
£85 Million
Investors
IgfPay Point
Description
UK delivery firm Yodel has announced an £85 million investment to support its expansion in the competitive e-commerce market. This funding will be utilized to enhance operations and meet the growing demand for out-of-home deliveries.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech