Weengs, a smart logistics startup that partners with ecommerce businesses to get online orders to their customers reliably and efficiently, has secured £6.5m in Series A funding.
The investment round was led by venture capital firm Oxford Capital and was followed on by Weeng’s seed investors who include Local Globe, Cherry Ventures and Venture Friends.
Weengs will use the raise to invest heavily in automation and technology to supercharge their operations to be able to fulfil more than 15,000 ecommerce orders per day. It also aims to build a data integration solution with retailers to optimise their fulfilment needs, and expand their geographical coverage outside of London to the rest of the UK, which has the third largest ecommerce market in the world.
Co-founder and CEO of Weengs Pier Ronzi says “The future is in ecommerce and the logistics problem was holding retail business owners back. We provide a seamless experience that increases consumer confidence to buy from anyone.”
William Orde, a partner at Oxford Capital, who is joining the board says “‘Weengs logistics service combines both tech and operational innovation to transform packaging and posting customer orders for retailers from a messy back-room task to a scalable third-party service. We’re excited by the leverage Weengs service gives to small retailers as they move online and to back Pier and the team as they disrupt this space’