Volo Commerce, a provider of multichannel e-commerce technology, has raised GBP6.2 million in new investment led by NVM Private Equity with participation from funds managed by Downing LLP.
Volo will primarily use this new funding to expand its business into North America and across other international sales channels.
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. In addition, the solution incorporates multichannel best practices and know-how, whilst giving customers valuable analytics to improve profitability and drive growth. Volo supports hundreds of customers ranging from major brands to online specialists, to achieve greater scale through marketplace selling and international expansion, by removing costs and complexity.
“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 per cent 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,” says Paul Watson, CEO of Volo Commerce.
“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” says 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.”
“We are delighted to be investing in Volo, backing a talented team in expanding their business. All areas of retail continue to face pressure and Volo is able to open up new growth channels and geographies for them,” says James Lewis, Investment Director, Downing LLP.
