Sendle raises $20m series B from Federation
Sendle, the 100% carbon neutral courier service has raised AU$20 million in a Series B funding round to grow locally and overseas
The funding round was led by Federation, who are investing alongside Full Circle Venture Capital, Rampersand and Giant Leap as returning investors.
Federation invests in clean-energy and sustainability projects, social, health and education, real estate, and growing businesses that meet today’s social, environmental and economic needs. As part of its investment, Federation’s Head of Private Equity, Neil Brown, will join the Sendle Board.
Sendle provides a convenient carbon neutral door-to-door delivery at affordable national flat affordable rates.
Since launching in November 2014, Sendle parcels have travelled more than 4.3 billion kilometres — or 14 times to the Sun and back.
It facilitates more than a quarter of billion dollars in small business eCommerce annually and its customer base has grown by over 600 per cent in the last two years.
Sendle uses 100% compostable green satchels, while its inaugural brand campaign ‘Why Post when you can Sendle”, launched in May.
“giving small business owners access to big business delivery infrastructure,” said Sendle CEO and Co-founder, James Chin Moody.
“We exist to offer a cheaper and convenient alternative to Australia Post
The 2019 expectation
2019 is expected to be a year of hyper-growth with CMO, Eva Ross, joining Sendle’s ranks last year from Airbnb, to spearhead brand and marketing as the business scales.
Posted on February 8, 2019