It takes an outstanding delivery experience to differentiate

2013: My Parcel Delivery

David Grimes saw an oppourtunity to develop a compelling consumer focused, retailer based delivery management platform. leveraging the strong relationships the business had established with the major UK carriers.

2014:

Praetura Capital invested £1.5m to begin development of the minimum viable product of the delivery management platform Electio.

2015: electio

My Parcel Delivery was rebuilt, shortly followed by the sucessful commercial launch of the Electio product, targeting the enterprise level and mid-tier UK retailers.

2016:

The company received an investment of £3.5m from Praetura and NVM, accelerating the growth of the Group, enhancing the product and investing in the carrier library. Sorted won its first enterprise level client Dyson.

Following the growth of the Group, the team moved into a much bigger office.

2017: Rebranded to Sorted

In May, Sorted was created, as the MPD Group rebranded to Sorted Group.

The headcount doubled to 88 and the Group received a further £5m investment from Praetura and NVM Private Equity.

By the end of the year, the Sorted PRO product was being utilised by Dyson overseas in Europe.

2018: Sorted REACT

By the end of 2018 Sorted was trading in USA and Australia as well, with the platform having evolved into a ground-breaking technology operating 12 countries, 12 languages and 12 currencies.

Growing the proposition further, REACT launched at Retail Week Tech.

Sorted Group received further investment, bringing the total to over £22m.

2019:

In 2019 Sorted secured a £15m Series B funding round led by new investors, Merian Chrysalis, alongside Praetura Ventures and NVM Private Equity, taking our total to more than £35m since our launch.

The business also announced partnerships with two of the world’s largest retailers, ASOS and Farfetch.

The Group’s ARR had grown to £2.5m, with embedded contracts anticipated to be worth +£8.6m of ACV at full run rate.

2020: Transformation

Sorted have won JD Sports in HY1 of 2020 and expected to win Boohoo by end of June, contracts which are predicted to generate incremental ARR of c.£5m by 2024 based on the client forecasts.

The business has reached a stage of evolution. The technology is proven, the Sorted brand is established. The opportunity now is to accelerate market penetration in the UK and lay the foundations for international expansion and adjacent markets creating the platform for rapid revenue expansions.