Australia-based package delivery service Sendle has secured A$19m ($13.7m) in funding from investors including insurance firm NRMA, Australian Financial Review reported yesterday.
Growth equity fund King River Capital, investment firm Alberts Impact Capital, private equity fund Federation, venture capital firms Rampersand and Full Circle Venture Capital and family office Marinya Capital also participated.
Sendle operates a courier service that purports to be carbon neutral, making investments that offset its carbon emissions, charging a flat rate for deliveries and allowing customers to track them through its online platform.
The company entered the United States in November 2019 and the latest funding will help it meet demand that has increased during the Covid-19 pandemic.
NRMA led a $1.4m round for Sendle in 2015 before joining Full Circle Venture Capital, Rampersand, Black Sheep Capital and Giant Leap Fund in a $3.8m series A round the following year that reportedly took its overall funding to about $6m.
The company added $14.2m in a February 2019 series B round led by Federation that also featured Full Circle Venture Capital, Rampersand and Giant Leap.
