Shutl, a UK-based on-line postal company, has secured a $2m round led by US-based postal service UPS’s Strategic Enterprise Fund and with the backing of France-based postal group Geopost.

The corporate venturing unit of UPS, which took a 6 per cent stake in the company, will provide a launch pad for Shutl’s US expansion.
Shutl’s existing investors, Hummingbird Ventures and GeoPost, also invested.

Shutl will use this latest investment to expand its team, acquire new retail partners in preparation of a launch of its service in the US in early 2013.  
This latest funding follows a series of rounds, The company’s first round was £500,000 investment from a group of investors led by angel Simon Murdoch and venture firm Big Bang Ventures in Belgium.. This was followed by £400,000 in 2010 and £650,000 in 2011, data provider CrunchBase added, with an unnamed European postal group participating in the…

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