Monday, 11 November 2019 16:30

Zoom2U raises $4.2 million

By
Zoom2U founder and CEO Steve Orenstein Zoom2U founder and CEO Steve Orenstein

On-demand courier company Zoom2U has secured another $4.2M in funding.

Investors in Zoom2U's latest funding round include Perennial Value Management.

Perennial's head of smaller companies and micro caps Andrew Smith said "We’re delighted to invest in Zoom2U as a high-growth, innovative company using technology to connect consumers and businesses who want delivery within hours not days. Zoom2u is helping the e-commerce boom Australia is experiencing.”

The round coincides with Zoom2U's one millionth delivery, and brings its total funding to more than $7 million.

“We’re excited to announce our $4.2 million funding secured for Zoom2U, which we will use to grow our team," said founder and CEO Steve Orenstein.

"We continuously improve our platform allowing customers to find the perfect courier for their delivery and strengthening our position as a preferred delivery platform.

"Since launching in 2014, we’ve seen a huge rise in people adopting online shopping in Australia, with a priority for convenience and fitting in with their fast-paced lifestyle.

"Zoom2U has become a great antidote, helping fix the often unreliable postage process. We are excited to connect more customers with couriers to help deliver more emergency documents, forgotten keys and bespoke Christmas gifts to Australians.”

There are now more than 2,000 drivers on the Zoom2U platform.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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