The investment was backed by Mercia and Greater Manchester Combined Authority to help the firm scale its enterprise client base.
"Around 40 per cent of brands with a B2B-focus have still not adopted ecommerce, largely because of the challenge of transferring their business model online. Many companies who come to us do so on the back of a two-year failed attempt to launch a store fit for their business. Shopblocks offers a solution. The funding will help us attract more ‘enterprise’ clients and support our goal to become a £50m turnover business."
The funding follows a previous £1m investment from Royal Mail and supports independent pharmacies transitioning to digital operations.
"Longer-term this is good news, but right now many pharmacies are focusing more on survival and will struggle to fulfil the new expanded role planned for them by the Government"
AGFA and ninepointfive have backed the ecommerce technology pioneer in its latest funding round.
"The moment consumers open their order will be an opportunity for brands to entice and retain consumers, helping them drive more revenue from existing customers,"
The strategic partnership and funding round will help Adimo scale its commerce media solutions.
"While many in the industry have been focused on retail media, commerce media has established itself as a growing, yet largely untapped opportunity. In today's unstable economy, brands need to ensure ads don't just build awareness, but also drive performance. FPC's investment and extensive network will support us in meeting increasing demand for commerce media solutions, help brands create better ad experiences, and deliver improved return on investment. We're dedicated to helping brands #makeitshoppable."
The Series A round was led by Planet A Ventures with participation from Maersk Growth, Pale blue dot and Eka Ventures.
"Our mission at HIVED is to decarbonise the logistics industry while setting a new standard for delivery quality. In an industry that has historically failed customers and the planet, we see the incredible need for HIVED’s solution and are rising to that opportunity, building a parcel delivery service that consumers genuinely enjoy and merchants can trust"
