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…
