Less than one year after successfully securing £1,227,995 through its eighth equity crowdfunding campaign on Seedrs, UK-based software company Veeqo has launched its ninth funding round and quickly raised its initial £200,000 funding target from nearly 75 investors.
As previously reported, Veeqo helps online retailers increase their profit by selling on multiple channels and by managing their inventory, orders, and shipping across a single, cloud-based platform. Since its launch, the company has integrated with global marketplaces on Amazon, Shopify, and eBay, as well as leading logistic providers Royal Mail, DHL, and DPD. CEO and co-founder of Seedrs, Jeff Lynn, previously stated:
“Veeqo is one of the great emergent tech businesses in South Wales, and it is fast becoming a true British success story. Matt and his team came to Seedrs in the very earliest days of the company, and I am so thrilled that we have the opportunity to be part of their journey. In my mind, Veeqo is a great example of why equity crowdfunding is instrumentally important to the future of the early stage investment and why sophisticated investors should seriously look to add this asset class to their broader investment portfolio.”
The company also noted that in 2018, almost 2 billion people will make an online purchase. It was noted:
“With over 22% of the world’s population shopping online, e-commerce sales are fast eclipsing in-store sales – and online sellers are the retail billionaires of the future. Consumer habits have also evolved. Shoppers now expect to be able to purchase from anywhere in the world – whether that’s in a physical store, online, from their mobile phone or across social media. But running a profitable, growing, omnichannel retail business is incredibly difficult. Managing every order from every sales channel, keeping inventory in sync and shipping orders all over the world becomes an increasingly challenging task for online retailers. As ecommerce orders grow, it becomes impossible to take care of everything perfectly, and there’s nothing out there that allows retailers to manage their entire business from a single platform. Nothing, that is, except Veeqo.”
All funds from the latest funding round will be used to continue Veeqo’s expansion. It is set to close later this winter.
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