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Yodel raised £85M in a funding round led by PayPoint and IGF to automate operations and modernize infrastructure amid e-commerce boom.

Aug 05, 2024over 1 year ago

Amount Raised

£85 Million

LiverpoolRetailE CommerceSupply Chain ManagementLogistics

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.

Company Information

Company

Yodel

Location

Liverpool, Merseyside, United Kingdom

About

Chave, who specialises in retail and logistics, has worked with senior client leadership teams to deliver IT solutions across e-commerce, the supply chain, and business financials.

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Funding Insights

Based on industry data
VC-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