Stamp Free Limited, a digital postage company, has raised £600k in an oversubscribed funding round led by existing investors Silicon Valley-based R42 Group and Cambridge Angels along with other technology angel investors from the UK, US and Australia.
This latest investment round gives Stamp Free a pre-investment valuation of £4 million – double the £2 million pre-investment valuation of the company’s Seed One funding round in September 2021. This increase reflects the significant progress made by the company in recent months, with its solution now being trialled by postal carriers, retailers and locker providers in different geographic locations around the world. Stamp Free expects the solution to be available for consumers later this year.
