Based out of Northampton, UK, an e-commerce fulfilment platform and service, James and James Fulfilment has secured an £11 million (approx €12 million) in an attempt to enhance its market-leading, software-enabled e-fulfilment proposition.
The deal was led by LDC Investment Director Chris Baker and Investment Manager James Garland. As part of the transaction, Chris Baker and LDC’s Lawrence Dean will join the board of the business as Non-Executive Directors.
In the last three years, revenue at James and James has grown by 50% pa to £17.4million (approx €19 million), and the firm currently employs more than 100 people worldwide.
For the uninitiated, the UK company provides online order fulfilment to e-retailers, storing products, packing and shipping orders, and handling any returns. This enables clients to increase order volumes, enhance customer experience, and improve stock and inventory management. The business supports its clients from its operating bases in the UK, USA, and New Zealand.
James Hyde, Co-founder of James and James Fulfilment, said:
James and I created the business to challenge the industry and create technology-led solutions that are fit for today’s rapidly-evolving online retail market. The logistics industry has generally been behind in its adoption of technology, but the demand for more modern systems is greater than ever.
James and James’s clients can fulfill orders from multiple channels and countries in one place and also provide live order tracking. In addition, clients benefit from data-rich reporting on inventory and SKU performance – insights that help business owners run and grow their businesses more effectively.
Chris Baker, Investment Director at LDC, added:
The rapid growth of James and James is down to its highly ambitious and committed management team who have built a market-leading online and digital presence to attract a loyal and international customer base. The business’s software offering is central to the overall proposition and provides both clients and their end customers, with excellent user experience and highly reliable and accurate service. We are very excited to be backing James and the team and look forward to supporting the business on its path to further growth.
Main image credits: James and James
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