The world’s fastest e-commerce delivery service founded by 2007 haysmacintyre Top Gun, Tom Allason has secured a $3.2m second round investment.
The equity investment follows a $2m funding round earlier this year from investors including UPS Strategic Enterprise Fund and Hummingbird Ventures.
Allason exited his previous start-up, eCourier.co.uk in 2008 to found Shutl. His latest deal combines finance from existing investors as well as funding from e.ventures and Notion Capital.
With Argos, Aurora Fashions and Karen Millen among its retail partners, Shutl enables customers to receive their online delivery within 90 minutes of purchase.
Allason is set to use the latest investment to fund the delivery site’s 2013 expansion into North America, starting with New York and San Francisco and eventually growing across 10 additional North American sites.
Andreas Haug, partner at e.ventures commented, “We are convinced that innovative logistics concepts that enable a faster, more comfortable and more reliable delivery will act as significant growth engines for e-commerce. In addition, offline retail will benefit from these solutions, which allows local retailers to acquire and retain customers online.
“Shutl is the pioneer in this segment and perfectly positioned to enter international markets. We are excited to work with Tom and his team on an international basis and grow this business to become the worldwide leader in local delivery.”