Sendle secures $19 million as delivery demand skyrockets

Sendle secures $19 million as delivery demand skyrockets

Aussie logistics startup and Australia Post competitor Sendle has raised $19 million in funding, as the COVID-19 e-commerce boom leads to sustained demands at Christmas levels and more. The oversubscribed round was led by new backer King River Capital, and also included new funding from Alberts Impact Capital and Marinya Capital, as well as repeat funding from Federation, Rampersand, Full Circle Venture Capital and NRMA Insurance.