Belfast-based Selazar, a fast-growing e-commerce fulfilment company, has announced that it has pocketed £20 million in growth investment. With this investment, the valuation of the company has increased.
Global expansion plans
The new investor, who has not yet been named, will buy the shares of existing local shareholders who will see a five-fold return on their money. The new capital injection adds to an initial seed investment from Foresight Group, Invest Northern Ireland and angel investors in November 2019. It marks a milestone for Selazar that will see it transition from the UK to a global fulfilment provider.
The company will use the investment to enhance its UK network and fund its expansion into Europe, the US, and Latin America. Also, the funding will see Selazar offer additional e-commerce fulfilment technology and financial services to customers.
This marks the largest ever tech investment in a Northern Ireland company and will let Selazar…