£85 million Yodel investment

THIS INCLUDES initiatives that will be rolled out in response to the acceleration of consumer Out of Home (OOH) deliveries and a material increase in parcel volumes through this fast-growing channel.

Yodel CEO Mike Hancox, said: “I am delighted that we have secured a funding package that gives Yodel financial security into the future and the ability to continue investing in the long-term success of the business.”

Yodel will continue to be led by CEO Mike Hancox, who took control of the company in June 2024. Hancox will retain a significant shareholding following the new funding, and will work with the existing senior management team and strategic business partners, including PayPoint plc, who made a strategic investment of £10m in June 2024.