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Manchester-based Shopblocks picks £1M funding to support its rapid growth

Shopblocks

Manchester-based Shopblocks is a growth e-commerce platform that offers all automations, integrations, and conversations you need. The company just announced that it completed its biggest funding round of £1 million in an equity investment round that will help accelerate the growth of its e-commerce website platform.

Growth plans

The investment round was led by the Greater Manchester Combined Authority (GMCA) and a group of private investors. The existing 50-strong team of Shopblocks is in plans to hire a further 100 staff across all divisions including its growing US operation and new Australia office.

“A few years ago, as businesses outgrew basic template-driven platforms such as Shopify, Wix and Squarespace, their only option was to have a specialist digital agency create a bespoke solution for their needs which requires a lot of time and a huge budget,” said Stewart Reynolds, Shopblocks Chief Commercial Officer. “For businesses taking the next step on their ecommerce journey, Shopblocks provides custom online shops at scale, without the need for one-size-fits-all templates or developers, at a fraction of the cost of a web development agency.”

“The pandemic has accelerated the already booming drive to online commerce. Despite the challenges, Shopblocks has doubled in size through the lockdown period and this investment will see us grow faster than we’ve ever grown before,” said Kevin Jones, CEO of Shopblocks. “The shift to ecommerce has been brought forward a full decade. We’ve seen thousands of businesses re-platform to Shopblocks and benefit from our advanced features for both B2C and B2B organisations. Good things come to those who migrate.”

Councillor David Molyneux, Portfolio Leader for Investment and Resources at the GMCA said: “We are delighted to provide follow-on funding to Shopblocks in support of the rapid growth of the platform and customer base. The significant growth in the Shopblocks team is set to continue in Stockport, with the Company actively supporting the Kickstart and GM Good Employment Charter schemes through hiring and upskilling people in Greater Manchester in Digital & Creative roles.”

Online shops for businesses

Founded in 2011, Shopblocks provides websites to all types of business but specialises in online shops. The Shopblocks platform is feature-rich and flexible enough to handle the complex needs of larger businesses. It has generated over twice the revenue in four years consecutively and it is set to grow continuously. On a daily basis, millions of transactions are processed via the Shopblocks platform for merchants in UK, US, Australia, New Zealand, and across the global markets.