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.