Guildford-based Diamond Logistics has secured a seven-figure loan from Frontier Development Capital (FDC) to support further expansion.
The former has built a national network of delivery and fulfilment providers around its unique technology platform, which offers a complete end-to-end solution from order management to warehousing and delivery.
It makes it easy for retailers to outsource warehousing and logistics to local providers and, as it integrates with over 60 online marketplaces, to manage orders from multiple sales channels.
The company is now one of the UK’s fastest growing e-commerce fulfilment providers, with around 40 partners throughout the country serving over 1,000 clients between them.
Kathryn Light of FDC said: "Technology is now more important than ever in logistics given the growth of e-commerce and demand for same-day deliveries.
"Diamond’s technology enables small firms to transform their operations and to thrive and grow in this fast-paced, competitive market."
Kate Lester, CEO of Diamond Logistics, added: "Our aim is to empower small operators to grow their business as part of a bigger network and with the type of advanced technology that may otherwise be beyond their budget.
"Our platform is so efficient that it can handle 97% of logistics tasks without human intervention.
"We are also providing a valuable service to traditional logistics users as well as e-commerce businesses as logistics is not usually their speciality so outsourcing is a prudent decision.
"The funding will enable us to grow the network in line with our aim to ensure that every business has a Diamond Logistics partner within 45 minutes from their door."
A team from HMT LLP, led by Director Ricky Lane, provided fundraising advice to Diamond Logistics.
Paul Spires of Inspire Business Development provided financial due diligence to FDC, with Chris Jones and Karem Al-Dahleh of Gateley plc providing legal advice to FDC.
Stuart Hutson of Temple Bright provided legal advice to Diamond Logistics.
