Weengs secures £6.5m in Series A funding led by Oxford Capital
Oxford Capital has led a Series A round for logistics startup Weengs, with backing from Local Globe, Cherry Ventures, and Venture Friends.
Share allotment filed at Companies House
Weengs operates a ship-from-store logistics solution that collects, packs, and ships orders for online retailers.
Logistics startup Weengs has raised £6.5m in a Series A funding round led by Oxford Capital, with participation from existing seed backers Local Globe, Cherry Ventures, and Venture Friends.
The capital will be directed towards automation and technology investments, including a new warehouse five times larger than its predecessor. The company aims to deploy proprietary software and machinery to scale operations beyond 15,000 daily orders and extend its geographical reach outside London.
Founded to address the friction in online retail logistics, Weengs collects inventory directly from stores, handles packaging at its warehouse, and manages final delivery to customers.
From the founder
"Oxford Capital is the right investor to have on board as we embark on this ambitious next phase of growth for the business."
Pier Ronzi
Co-founder and CEO at Weengs
Investor perspective
"Weengs logistics service combines both tech and operational innovation to transform packaging and posting customer orders for retailers from a messy back-room task to a scalable third-party service."
William Orde
Partner, Oxford Capital
Use of funds
- 01Scale operations
- 02Build out infrastructure
- 03Continue product development
- 04Expand into international markets
