Vitruvian leads GBP 125m round for AnyVan

AnyVan said the capital will help accelerate growth and develop technology to disrupt the fragmented transportation markets in the UK and Europe. 

The company said that its proprietary technology allows it to offer a differentiated customer proposition on price, availability and quality, while significantly reducing total miles. 

In the filed accounts, it said it had benefited from the strength of the property market. 

Last year, it reduced the number of average miles travelled by 20% on a like-for-like basis, with a target of 50% being the company's ultimate goal. 

It claimed that the deal is the largest growth investment in the UK logistics market.

AnyVan has native currency and language sites in Spain, Germany, France, Italy, Ireland and the UK. 

Company
Founded in 2009, AnyVan is a Europe-wide online marketplace devoted to "larger-than-parcel" removals and freight. The company uses a network of 3,000 drivers to provide deliveries for consumers and businesses.

Filed accounts show that the total group had revenues of GBP 24.4m to March 31 2021, a 52% increase on the year before, with an operating profit of GBP 5.8m.

The group said in a statement that revenues had since risen 80% in the first nine months, putting sales near GBP 43m.

Advisers
AnyVan – GP Bullhound (financial due diligence); Squires Patton Boggs (legal).

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