Shutl Is Preparing To Come To US

[Techtaffy Newsdesk]

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 and Notion Capital. This news follows a $2 million investment earlier in the year from UPS Strategic Enterprise Fund, Hummingbird Ventures and others.

Also see:

Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of, and Steadfast Venture Capital.