AAA Shutl delivers for strategic buyer

Shutl delivers for strategic buyer

Shutl, a UK-based postal company delivering online orders, has raised £650,000 ($1m) from a consortium including an undisclosed European delivery company.

The corporate venturing investor has bought less than a tenth of Shutl, according to news provider Daily Telegraph.

In October 2009, Shutl raised £500,000 from venture capital firm Big Bang Ventures (since renamed Hummingbird and which has reinvested in the B round) and angel investors.

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