# Evri

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evri

- Industry: Internet
- Headquarters: Seattle, US
- Website: www.evri.com
- Total disclosed funding: $8M
- Latest round: Series A (Jun 1, 2007)
- Investors on record: 1

## About

Evri Inc. is a logistics provider specializing in parcel delivery and courier services, offering efficient shipping solutions tailored for domestic and international markets.Founded in 2007 and headquartered in Seattle, US, Evri Inc. operates as a logistics company focused on parcel delivery. The company underwent a Series A funding round in June 2007, raising USD 8.00 mn from Vulcan Capital, which has been the only round of funding reported. Martijn De Lange serves as the CEO of Evri.Evri is a UK-based parcel delivery and courier service that offers a comprehensive range of logistics solutions, focusing on cost-effective shipping options for both domestic and international markets. The company's core offerings include standard and next-day delivery services, parcel tracking, and returns management, all designed to streamline the shipping process for individual consumers and businesses alike. Evri utilizes a network of over 18,000 couriers and boasts more than 10,000 ParcelShops and Lockers throughout the UK, providing flexibility and convenience for users looking to send, collect, or return parcels. Their services cater to a diverse clientele, including e-commerce retailers and everyday consumers, enabling them to send parcels to over 220 countries and territories worldwide. Evri’s products are particularly relevant in the UK, USA, and other key international markets where parcel delivery is increasingly important due to the growth of online shopping.Evri generates revenue primarily through parcel delivery services, which include both business-to-consumer (B2C) and business-to-business (B2B) transactions. Customers utilize Evri's offerings by paying for delivery based on weight and service type, with pricing plans structured to accommodate various parcel sizes and service speeds. For instance, customers can choose to send parcels from as low as GBP 2.62 for standard delivery of items weighing up to 1kg, or pay additional fees for expedited services. The revenue model consists of direct transactions with end-users, as well as partnerships with major retailers and e-commerce platforms, allowing for bulk shipping options and return solutions. Additionally, Evri provides specialized services such as tracking and insurance coverage for parcels, enhancing the value proposition for its clients and driving customer loyalty within the competitive logistics sector.Evri is focused on expanding its logistics capabilities and enhancing service offerings. The company intends to launch new products aimed at improving the efficiency of parcel tracking and delivery management. Specific timelines or dates for these releases have not been disclosed. Moreover, Evri plans to enter new geographic markets, particularly targeting expansion in Europe and North America by 2025. The funds raised during the Series A round in June 2007 will be utilized to support these growth initiatives, enabling Evri to strengthen its market presence and improve its service technology.

## Funding rounds

- Series A, Jun 1, 2007, $8M — Vulcan

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series A