Veeqo, the Wales-headquartered company that offers e-commerce inventory software, has acquired London-based parcel delivery startup ParcelBright to bolster its shipping features.
Terms of the deal remain undisclosed, though I understand the acquisition includes ParcelBright’s tech and customer base.Meanwhile, founders Daniel Lipinski and Carlos Vilhena will stay involved in the form of advisors to Veeqo, “both commercially and technically,” according to the announcement.
Backed by Forward Partners, Talis Capital, Avonmore Developments and Howzat Partners, after the startup closed a $1 million seed round in late 2014, ParcelBright targeted small to medium sized e-commerce businesses will a SaaS to help get parcels out for delivery quicker and cheaper via negotiated bulk discounts with shipping companies.
It also built a single modern and Restful API to enable integrations with those shipping companies, whose own software is often fairly antiquated and otherwise time consuming to interface with.
To that end, ParcelBright’s Lipinski tells me the service and software will be merged into Veeqo to improve the latter’s product offering and expand the number of courier companies plugged into their system. That’s because Veeqo already has a delivery component to its software.
“Together it will be the largest parcel delivery platform in the U.K. based on its user base and service offering,” he adds.
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