Selazars funding includes a £20 million growth investment that significantly impacts the company’s valuation. The new capital injection adds to an initial investment from Foresight Group, Invest Northern Ireland and angel investors.
These financial firms believe in the Selazar vision and will facilitate numerous initiatives over the coming months – such as global warehousing. Offering more warehouses and distribution overseas increases the advantage to current and future clients.
Selazars’ approach to logistics and warehousing helped many companies grow consistently during the pandemic. The UN trade and development experts at UNCTAD reported an increase from 16% to 19% in 2020 for eCommerce sales, a jump to 26.7 trillion.
Selazar has always helped eCommerce businesses to take a methodical approach to grow their businesses quickly and will continue to do so. Outsourcing rapid delivery options to customers are easier than ever through their tech platform, helping companies meet the demands of same day despatch and next day delivery.
Selazar has a large roster of clients from fashion to health and beauty, sporting goods, and more – and this new investment in Selazar will see services improve with more tailored support, smart technology, and worldwide distribution.
“This investment represents the opportunity to turbocharge the Selazar business. Our existing investment providers, to whom we are grateful, have allowed us to build out the platform and to create a robust market position. This new investment will allow us to move into new markets – both in geographic and product terms which we will announce in due course. We are hugely excited to be embarking upon the next phase in the building of a world-class eCommerce service business,”
says Selazar Chairman Neil Ashworth.