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Praetura and NVM in £15m series-A for Sorted

Kenny Wastell
@kennywastell
16 August 2019

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Praetura Ventures and NVM Private Equity have taken part in a £15m series-B funding round for Sorted, a UK-based developer of delivery-related software.

The funding round was led by Merian Chrysalis Investment Company, with the fresh capital earmarked for investment in product development.

The latest round brings the total amount raised by the company to £35m.

Previous funding
NVM and Praetura took part in a £15m series-A funding round for Sorted in May 2019.

Company
Founded in 2010, Manchester-headquartered Sorted develops software for the management of retail deliveries and returns. Its products are designed to facilitate the management of the entire process, from point-of-sale through to delivery tracking via third-party logistics companies. Its clients include Asos, Lush, N Brown and Clipper Logistics and the company's platforms are available in 12 countries, including the US, France and Germany.

People
Praetura Ventures - Mike Fletcher (group CEO).
Merian Chrysalis - Richard Watts (portfolio manager).
Sorted - David Grimes (founder, CEO).

The funding round was led by Merian Chrysalis Investment Company, with the fresh capital earmarked for investment in product development.

The latest round brings the total amount raised by the company to £35m.

Previous funding

NVM and Praetura took part in a £15m series-A funding round for Sorted in May 2019.

Company

Founded in 2010, Manchester-headquartered Sorted develops software for the management of retail deliveries and returns. Its products are designed to facilitate the management of the entire process, from point of sale through to delivery tracking via third party logistics companies. Its clients include Asos, Lush, N Brown and Clipper Logistics and the company's platforms are available in 12 countries, including the US, France and Germany.

People

Praetura Ventures - Mike Fletcher (group CEO).

Merian Chrysalis - Richard Watts (portfolio manager).

Sorted - David Grimes (founder, CEO).