Cheltenham-based Volo Commerce, a leading provider of multichannel e-commerce technology, has raised £6.2 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.
Paul Watson, CEO of Volo Commerce, said: “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% or more by their third year with Volo.”
“The growth in multichannel e-commerce 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” said NVM Private Equity Investment Director Charlie Winward.
Volo’s Chairman is industry veteran, Ben White one of the best known technology entrepreneurs in the UK and a co-founder of Messagelabs, the first company in the world to deliver anti-virus and anti-spam in the cloud. Messagelabs was sold to Symantec for $700 million in 2008.