Diamond Logistics, a leading provider of delivery and eCommerce fulfilment solutions, is excited to announce a seven-figure investment to support expansion plans from Frontier Development Capital (FDC).
This investment will support our mission to expand our national network of local delivery and fulfilment partners, powered by our cutting-edge technology platform, Despatchlab.
About Diamond
As one of the UK’s fastest-growing logistics companies, we are dedicated to empowering SMEs in the logistics sector. By partnering with local courier companies, we equip them with tech and services to help them diversify . With over 35 partners we reach more than 1,000 clients across the country.
At the heart of Diamond Logistics is our unique Despatchlab platform. Launched in 2022, Despatchlab offers a comprehensive end-to-end tech solution – from order management to warehousing and final delivery. It integrates with multiple marketplaces and carriers providing a one stop logistics solution.
Our platform also supports logistics providers in streamlining operations and offering a full range of services. Same-day courier, domestic overnight, and international deliveries all on one platform. For more information on all our integrated carriers look HERE.
Our journey
Founded over 30 years ago by Kate Lester, Diamond Logistics started as a traditional same day courier company. 12 years ago Diamond started to expand it network and 6 years ago embarked on the development journey to develop its own software.
Today, we employ 15 team members. We are on track to increase revenue by over 20% this year to £10m. This seven figure investment will enable us to further enhance our platform and continue to grow our partner network.
“Our vision has always been to empower smaller operators to scale their businesses with the help of advanced technology and additional services” says Kate Lester, Founder and CEO of Diamond Logistics. “Despatchlab is so efficient that it can automate 97% of logistics tasks. It’s revolutionary for both our network partners and their clients’.
Kate continues: “As eCommerce continues to grow, we’re also providing a vital service to businesses wishing to outsource their logistics. We’re proud to be their trusted partner. With this funding, we’ll be able to extend our network so that every business has a Diamond Logistics partner within 45 minutes of their door.”
Our investors
Kathryn Light of Frontier Development Capital commented: “Technology is reshaping the logistics industry, especially with the increasing demand for fast and efficient deliveries. Diamond’s innovative platform enables small firms to optimise their operations and succeed in today’s fast-paced eCommerce environment. We’re thrilled to support Kate and the Diamond team in driving further growth and innovation.”
The fundraising was advised by HMT LLP, led by director Ricky Lane. Lane noted: “This investment reflects the strength of Diamond’s offering and the transformational impact of the Despatchlab platform. FDC’s support provides the flexibility Diamond needs to scale its partner network while maintaining strong cash flow.”
For more information on working with Diamond Logistics, please enter your details below and a member of our team will be in touch with you!
