Sorted secures £3million loan funding from Prolific North

Manchester online delivery platform, Sorted, has secured investment from Shard Credit Partners.

The £3m of loan funding will be used to support its growth across new and existing markets.

It’s the fourth investment to come from Shard’s UK technology-focused venture debt fund, which is targeting a final close at £75m by the second quarter of next year.

“We are delighted to be providing finance to support Sorted. We have been tracking this name since 2018 and have been hugely impressed by how the business has flourished since that time,” said William Chappel, Head of Venture Debt at Shard Credit Partners.

“We can’t wait to work closer with its CEO, Carmen Carey, and the wider team as the business continues to expand. This is a strong addition to our UK technology-focused venture debt fund, and a key example of our focus on our meaningful approach to ESG, in particular, supporting female led businesses across all regions of the UK.”

Carmen Carey, CEO of Sorted added:

“Customers are now expecting – and demanding – faultless delivery and returns experiences as standard, regardless of whether they order from a large multinational brand or a small business. In turn, the next stage in Sorted’s journey is set to provide the SMB market with exceptional delivery and returns capabilities. This latest round of funding will help drive Sorted’s vision, enabling seamless experiences for customers globally, especially as we begin to enter the US market.”

Shard has recently supported the MBO and buy-and-build strategy of eQuality Solutions in Tyneside and the MBO of Chameleon Technology in Harrogate.

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