Volo Raises Funding for US Expansion
Multichannel ecommerce solution Volo has raised £6.2 million to expand its business into North America and across other international sales channels.
"Our mission continues to be ‘to make selling online as easy as buying online.' Through simplifying the selling process and adding valuable analytics our customers continuously outperform the market and typically grow their business by 100% or more by their third year with Volo. This investment will enable us to help more businesses grow and accelerate our international expansion whilst continuing to innovate across the platform", said Paul Watson, CEO of Volo Commerce.
The funding round was led by NVM Private Equity with participation from funds managed by Downing LLP.
"The growth in multichannel e-commerce continues to accelerate and is a huge opportunity but also a complex challenge for most businesses. Volo has built a platform that removes much of this complexity with a revenue model that aligns with its customers to drive growth" said NVM Private Equity Investment Director Charlie Winward. "We look forward to partnering with Volo as Paul and the team bring their solution and expertise to new customers."
Volo Commerce enables brands and retailers to maximise the opportunity of multichannel commerce. By deploying Volo's software platform, customers are able to efficiently and rapidly grow their e-commerce business by accessing leading marketplaces such as Amazon, eBay and Walmart, and automating all aspects of the selling process.