UPS delivers $3.2m for Shutl expansion

Oct 14, 2012 • Joanne Faulkner

The corporate venturing unit of US delivery company UPS has led a $3.2m investment in UK courier web service Shutl to aid in their U.S expansion.

UK based e-commerce delivery company Shutl has raised $3.2m ahead of its US launch in 2013. The online company delivers parcels within a one hour given time slot. The funding was led by existing investors venture capital fund Hummingbird Ventures and the corporate venturing unit of UPS. There was also participation from new investors e.ventures and venture fund and advisory business Notion Capital.

Founded in 2008, Shutl previously raised $217k in seed funding, which was followed by $798k in Angel funding in…

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