Fulfilmentcrowd raises £7.5 million

The deal will enable the Chorley-based business to further expand services to multichannel and ecommerce retailers, while strengthening its international network of fulfilment centres and responding to the accelerated shift towards online shopping.

Fulfilmentcrowd, which provides fulfilment services via its cloud-based software platform, is forecasting a 58% growth in revenue this year, with turnover set to hit £12 million. This follows the addition of distribution hubs in Europe and North America in 2020, as well as specialist centres such as the new chilled logistics operation in Blackpool which is aimed at UK-based ecommerce start-ups and SMEs in the food, drink, health and beauty sectors.

Lee Thompson at Fulfilmentcrowd, said: “We’ve extended our footprint considerably over the last 12 months and we’re well positioned to respond to the extraordinary levels of demand because our proprietary technology platform is able to scale and satisfy changing market dynamics.”

Fulfilmentcrowd is a second-generation family business that began as an ERP software provider. 

BGF’s Spencer Woods, will join the board.

He said: “Fulfilmentcrowd is a highly scalable business that provides a hassle-free fulfilment solution to small-medium-sized ecommerce retailers who can then focus on scaling their business. When combined with a proven management team and robust technology platform, the growth potential is significant.”