UK shipping startup Weengs nabs $2.7 million seed round


London-based Weengs, focused on shipping for small businesses, announced a $2.7 million (£2.2 million) seed investment Sunday morning, with participation by Berlin’s Cherry Venture, Saul Klein’s VC LocalGlobe, and from Seedcamp. There was also input by several angels and Greek VC VentureFriends.

“People want instant gratification when they shop and Weengs was built with this in mind,” said Weengs Co-Founder and CEO Greg Zontanos. “Weengs takes the hassle out of shipping goods at an affordable price.”

Their pitch is basically delivery on-demand. They promise one of their delivery trucks, which they have dubbed “Angels,” will be at your place within an hour of ordering a pickup.

Founded in 2015, they operate Monday through Friday between 8:30am and 4:00pm. They offer a £5 pickup fee, or free scheduled pickups if you have more than 20 shipments a month.

The money, as you might expect, will go toward the company’s expansion. The focus will be continental Europe first and foremost. Cherry Ventures’ investment suggests a focus on Germany.

“Using our service, independents can start to compete for the first time with giants like Amazon for speed and reliability of delivery,” Zontanos said. “Weengs can help bridge the gap between the high street and the online shopping experience by offering a valuable service to both the shopper and the seller.”

Weengs isn’t exactly breaking new ground here. They are entering an extremely competitive space. eBay started experimenting with Silicon Valley-based Shyp late in 2015, also hoping to avoid dropping packages off at shipping centers and post offices.

Led by Kevin Gibbon, Shyp has already raised a whopping $61.2 million over three investment round according to Crunchbase. Other competitors include Chicago’s ShipBob and New York’s Shipster.

Weengs’ bet seems to be bringing that model to the UK and Europe. They have a ways to go though to reach the strength of a player like Shyp.

“The Weengs collection service could revolutionize shipping in the way that Uber has transformed taxis,” asserted Klein.




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