James and James Fulfillment has secured an £11 million investment from private equity investor LDC, part of Lloyds Banking Group. The investment will enable the company to further enhance its software services and operating infrastructure.
In the last three years, James and James’s revenue has grown by 50% per annum to £17.4 million and it now employs more than 100 people worldwide.
LDC is partnering with the management team – led by Founder and CEO James Hyde, COO Neil Sant and CFO Simon Lisser – to invest in a larger UK fulfillment center, continue to develop the company’s technology proposition, and expand its client service and commercial functions.
James Hyde said: “James and I created the business to challenge the industry and create technology-led solutions that are fit for today’s rapidly-evolving online retail market. The logistics industry has generally been behind in its adoption of technology, but the demand for more modern systems is greater than ever.
“Over the last few years, we’ve been on a strong growth trajectory and are investing more than ever in our in-house fulfillment platform. With LDC’s experience in the tech space and confidence in our business plan, they will be a great partner to help us deliver even more value to even more brands and retailers.”
For the full press release, please visit www.ldc.co.uk/news.