Veeqo Ltd
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Veeqo Ltd - overview
Established
2013
Location
Swansea, -, UK
Primary Industry
Software
About
Veeqo Ltd is an ecommerce shipping software solution provider that enhances the shipping and inventory management processes for online retailers through its comprehensive platform designed for efficiency and ease of use. Founded in 2013, Veeqo Ltd operates from Swansea, UK, and specializes in multichannel ecommerce shipping solutions. The company has undergone significant growth since its inception, culminating in its acquisition by Amazon. com, Inc.
in March 2022, enhancing its ability to support global sellers. Matt Warren, the founder and CEO, has a background in ecommerce that informs the company's strategic direction. The firm has successfully completed 4 deals, with the most recent funding round being a Series B totaling GBP 3. 300 mn led by Octopus Investments, bringing its total amount raised to GBP 3.
300 mn. Veeqo offers a multichannel ecommerce shipping software solution that simplifies shipping and inventory management for online sellers. The platform includes tools for label printing, order management, inventory automation, and real-time tracking across platforms such as Amazon, eBay, Shopify, and Walmart. It provides users with pre-negotiated shipping rates from carriers like UPS, USPS, FedEx, and DHL, along with features like Veeqo Credits for eligible shipments.
This service primarily targets small to medium-sized ecommerce businesses seeking improved shipping operations. In 2023, Veeqo reported a revenue of GBP 15,895,575. 40 and an EBITDA of GBP 1,159,330. 10, generated through a subscription-based model that allows clients to access its shipping and inventory management tools without upfront fees.
Following its acquisition by Amazon. com, Inc. in March 2022, Veeqo plans to expand its product offerings and enhance its services to accommodate a growing number of sellers globally. This strategic direction will be supported by the recent Series B funding, which will facilitate the development of new features and expansion into new markets, aiming to further support multichannel businesses.
Veeqo intends to leverage its improved capabilities to continue serving its clients effectively while exploring additional geographic expansion.
Current Investors
Welsh Government
Primary Industry
Software
Sub Industries
Web Applications, Analytics & Performance Software, Application Integration Software
Website
www.veeqo.com
Verticals
Cloud Computing, E-commerce
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Veeqo Ltd - financials
| Fiscal Year Ended | Feb 29, 2020 | Feb 28, 2021 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 3,349,586 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - |
| EBITDA (USD) | - | - | 8,283,697 | - | - | - |
| Operating Income (USD) | - | - | 8,269,726 | - | - | - |
| Operating Margin | - | - | 246.9% | - | - | - |
| % EBITDA Margin | - | - | 247.3% | - | - | - |
| NET Income (USD) | (2,132,695) | (1,280,911) | 8,170,935 | - | - | - |
| % Net Margin | - | - | 243.9% | - | - | - |
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