Sorted secures $40m Series C funding and acquires Clicksit to expand into the US and SMB markets.
The Series C round was led by Chrysalis Investments and Arete Capital Partners to support international expansion and product development.
Sorted is a London-based recycling technology business providing artificial intelligence-enabled solutions to sort recyclable materials. Its proprietary technology uses computer vision and spectroscopy to identify items and guide human pickers at recovery facilities.
Delivery experience platform Sorted has closed a $40m Series C funding round alongside the acquisition of automated returns specialist Clicksit. The financing was led by Chrysalis Investments and Arete Capital Partners, with participation from new shareholder Solid Bond Capital. The capital will enable Sorted to expand its operations into the United States and extend its platform offerings to small and medium businesses.
The transaction brings together two Manchester-based companies to bridge the gap between post-purchase tracking and returns management. Following the appointment of new chief executive Carmen Carey, Sorted aims to broaden its market reach beyond large enterprises like ASOS and Asda.
From the founder
"Our acquisition of Clicksit marks an important milestone in the company’s rapid expansion journey. Returns is, now more than ever, a crucial step in the ecommerce customer journey, and we are excited to power returns innovation as part of our full Delivery Experience Platform."
Carmen Carey
CEO at Sorted
Investor perspective
"News of the investment and the partnership between Sorted and Clicksit is a great fit for both businesses, and I am proud of Thomas’ journey so far. As new shareholders in Sorted Group, we very much look forward to seeing Carmen and the team grow the business and serve the new growing global customer base."
Shaz Sulaman
founder, Solid Bond Capital
Use of funds
- 01Expand into international markets
