Veeqo, the Wales-headquartered enterprise that offers e-commerce inventory software, has obtained London-based parcel shipping and delivery startup ParcelBright to bolster its transport characteristics.
Terms of the deal continue to be undisclosed, however I realize the acquisition contains ParcelBright’s tech and shopper base.
Meanwhile, founders Daniel Lipinski and Carlos Vilhena will continue to be involved in the sort of advisors to Veeqo, “both commercially and technically,” in accordance to the announcement.
Backed by Forward Partners, Talis Money, Avonmore Developments and Howzat Partners, following the startup shut a $1 million seed round in late 2014, ParcelBright targets compact to medium sized e-commerce enterprises with a SaaS to support get parcels out for shipping and delivery more speedily and cheaply by means of negotiated bulk reductions with transport businesses.
It also constructed a single present day and Restful API to empower integrations with individuals transport businesses, whose possess software is typically reasonably antiquated and if not time consuming to interface with.
To that conclude, ParcelBright’s Lipinski tells me the company and software will be merged into Veeqo to improve the latter’s product or service supplying and develop the range of courier businesses plugged into their technique. Which is since Veeqo now has a shipping and delivery ingredient to its software, in addition to its main inventory administration characteristics that support consolidate offering throughout several e-commerce channels which includes eBay, Amazon and a seller’s possess web-site.
“Together it will be the most significant parcel shipping and delivery system in the U.K. based on its person base and company supplying,” adds Lipinski.