Diamond Logistics, a leading provider of delivery and eCommerce fulfilment solutions, is excited to announce that we’ve secured a seven-figure loan 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.
As one of the UK’s fastest-growing logistics companies, we are dedicated to empowering small and medium-sized enterprises (SMEs) in the logistics sector. By partnering with local businesses, we enable them to compete with larger delivery companies and provide a personalised, high-quality service. With over 40 partners and more than 1,000 clients across the country, our network is expanding rapidly, helping businesses grow and thrive in today’s competitive market.
At the heart of Diamond Logistics is our unique Despatchlab platform. Launched in 2022, Despatchlab offers a comprehensive end-to-end solution, from order management to warehousing and delivery. Seamlessly integrating with over 60 online marketplaces, it allows businesses to manage orders from multiple sales channels effortlessly. Our platform also supports logistics providers in streamlining operations and offering a full range of services, including same-day, domestic overnight, and international deliveries.
Founded over 30 years ago byKate Lester, Diamond Logistics started as a courier company. While we still operate our own Fulfilment Centre in Guildford, we’ve since grown to become a tech-enabled logistics provider. Today, we employ 15 team members and are on track to increase our revenue by over 20% this year, reaching £10 million. This new funding will enable us to further enhance our platform and continue growing our partner network, bringing even more partners onboard.
“Our vision has always been to empower smaller operators to scale their businesses with the help of advanced technology that would typically be beyond their reach,” says Kate Lester, Founder and CEO of Diamond Logistics. “Despatchlab is so efficient that it can automate 97% of logistics tasks, allowing businesses to focus on their core operations while we handle the logistics.”
Kate continues: “As eCommerce continues to grow, we’re also providing a vital service to businesses that don’t specialise in logistics. Outsourcing their logistics operations is a smart move, and 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.”
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 directorRicky 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.”
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