eComm fulfilment firm secures £20m investment

The investment by a large global investment group, the largest ever tech investment in a Northern Ireland company, will initially see Selazar open new warehouses in Ireland and the Netherlands, followed by four additional warehouses in the United States and one each in Mexico and Colombia, respectively. The capital adds to an initial seed investment from Foresight Group, Invest Northern Ireland and angel investors in November 2019 and will see it transition from a UK to a global fulfilment provider. 

The company has developed a proprietary eCommerce fulfilment platform and primarily services medium to enterprise-sized retailers throughout the UK at present.

Selazar CEO Jack Williams, said: “Not only will it fund the opening of eight new warehouses, but it will also allow us to further develop our proprietary fulfilment technology and support customers trading in the UK, US, Europe, and Latin America. Above all, this investment separates Selazar from other third-party logistics (3PL) providers. We will be a one-stop eCommerce fulfilment shop for retailers wanting to set up business in the US, Europe, and beyond.”

As a result of Selazar’s expansion to an international eCommerce fulfilment company, customers will be able to transfer stock between international warehouses. This has the potential to ease some of the pain that has resulted from Brexit, as it will simplify processes and reduce costs.

The global investment group financing Selazar will acquire all shares from existing investors.

For more information, visit www.selazar.com