E-commerce delivery service Shutl has secured an additional $3.2 million in equity investment, and will use the funds to launch in US.
Shutl’s point-to-point delivery model enables delivery of online purchases either within minutes of purchase or a 1 hour window of the shoppers choice. The service is already offered across the UK by a handful of major retailers.
Shutl will launch across North America , starting with New York and San Francisco in Q1 2013 via a number of multi-channel retailers. Phase two will see the service roll-out across 10 additional North American cities, including: Atlanta , Boston , Chicago , Houston , Los Angeles , Miami , Philadelphia , Washington , Montreal and Toronto .
The funding was led by Shutl’s existing shareholders and two new investors e.ventures and Notion Capital. This news follows a $2 million investment earlier in the year from UPS Strategic Enterprise Fund, Hummingbird Ventures and others.