Luminii provides CDD to Octopus Investments on their investment into Veeqo

29 Mar 2019 /

Luminii Consulting is delighted to have provided Commercial Due Diligence (CDD) support to Octopus Investments on its recent investment in Veeqo, a retail automation platform that helps retailers sync their inventory across multiple sales channels and fulfil customer orders.

Octopus joins existing investors, Daniel McPherson and New Look founder Tom Singh, along with equity crowdfunding platform Seedrs, in supporting the company through this next stage of rapid growth.

This latest round of fundraising will be used to further Veeqo’s position in the UK market, and to expand into the USA. Veeqo’s growth strategy will be driven by a mix of inbound marketing, outbound sales and strategic channel partnerships to cement its position as the leading, all-in-one inventory and fulfilment software for the retail market.

Every year, the Veeqo platform powers over 31 million shipments by its user base. Hundreds of retail brands such as Brompton Bikes, Maidenhead Aquatics and Dove already use Veeqo to fulfil ecommerce orders to customers all over the world, with one Veeqo retailer shipping up to 10,000 orders a day during their peak season.

With its head office based in Swansea, South Wales, and additional offices in London & Bishkek, Veeqo will be expanding with a US team based in North America later in 2019 - becoming one of the only companies founded in Wales to boast a truly global footprint.

"Luminii Consulting has worked on several TMT transactions to date and this deal further strengthens our leading presence within the Technology and Retail sectors; particularly in Retail Technology where we have worked on 3 other retail tech projects during the past month. It was a pleasure to support Octopus on this deal, and we wish them and Veeqo's Management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting

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