Zenstores seals £400k seed investment led by Downing Ventures
March 8, 2016
08/03/2016, Bristol UK: Zenstores — the fast-growing cloud-based shipping platform for online sellers — has today announced £400k in late seed investment led by Downing Ventures.
The technology company, which enabled online sellers to dispatch over one million shipments in 2015, takes the strain out of shipping for online sellers. The cloud-based platform consolidates orders from ecommerce platforms and marketplaces such as Amazon, eBay and Shopify, then automates the dispatch process with Royal Mail and leading couriers, minimising the time it takes sellers to get orders out the door.
"We receive thousands of orders per month through multiple storefronts and Zenstores has really taken the pain out of getting them out the door and into the hands of our customers." Mark Quarini, Q-Fished (a Top 30 eBay seller in the UK)
Zenstores will use the investment to add new integrations with marketplaces and couriers while scaling its userbase in 2016. The startup experienced 61% month on month (MoM) growth in paid users and 63% MoM growth in revenue during 2015.
“Selling online is tough,” says Tom Palmer, Zenstores Co-Founder and CEO, “You’ve got so much to do and so little time to do it. Over the last year we’ve proved that using Zenstores removes the shackles of time-consuming operational tasks and frees online sellers to grow their businesses. This investment puts the foundations in place for us to make Zenstores available to every online seller in the UK and beyond.”
Matt Penneycard, Head of Downing Ventures, said: “ Zenstores has become an indispensable partner to online sellers and we are pleased to be continuing to back the team as they look to scale up operations and make their customers lives easier and their businesses more profitable.“
Founded in January 2015, Bristol (UK) headquartered Zenstores is backed by Webstart Bristol and Downing Ventures. The cloud-based platform is rolling out support for ecommerce platforms WooCommerce and BigCommerce in Q2, while integrations with couriers ParcelForce and DPD will also complete early in 2016.
- ENDS -
For more information contact:
Head of Marketing, Zenstores
dan at zenstores.com
Jean Birrell, PR Consultant, Downing LLP
jean at downing.co.uk