Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 238.00p
Change Today:
-8.00p
Market Cap:
1,302.51m
Sector:
Equity Investment Instruments

Merian Chrysalis pours ?10m into Manchester software firm Sorted

By Josh White

Date: Friday 16 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Merian Chrysalis Investment Company announced an investment of 10m, as part of a 15m Series B funding round by Sorted Holdings on Friday, alongside other investors including Praetura Ventures and NVM Private Equity.
The London-listed firm described Sorted as a Manchester-based, global software-as-a-service (SaaS) company that had developed a delivery management platform, which allowed both digital and physical retailers to manage their delivery and returns proposition.

It said it enabled retailers to increase conversion rates, reduce abandoned baskets and maintain customer loyalty.

Merian Chrysalis said Sorted had developed three highly innovative products, with the first being SortedHERO, which it described as an application programming interface solution which allowed retailers to display real-time delivery options at checkout.

The second product was SortedPRO, which it said was a delivery management platform for carrier and shipping management, and the third was SortedREACT, which worked as an artificial intelligence-driven tracking platform that aggregated carrier and delivery communications post-purchase.

Merian Chrysalis said Sorted was one of the UK's "fastest growing and most disruptive" SaaS companies, having invested more than 20m to date in its technology and providing global retailers with a "best-in-class" solution.

Sorted now operated in 12 countries and worked with a number of large customers, including ASOS, Lush, N Brown, Wincanton and Clipper Logistics.

"The delivery management sector is ripe for disruption and we believe Sorted has emerged as the only credible, global challenger to the current market leader," said Merian Chrysalis portfolio manager Richard Watts.

"We are excited to provide David and the team with the growth capital required to continue developing truly innovative technologies and expand internationally."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CHRY Market Data

Currency UK Pounds
Price 238.00p
Change Today -8.00p
52 Week High 277.00p
52 Week Low 150.88p
Volume 784,400
Shares Issued 547.27m
Market Cap 1,302.51m
Beta 0.91

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
Not Available
PEG
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

CHRY Dividends

No dividends found

Trades for 30-Nov-2021

Time Volume / Share Price
16:45 2,182 @ 239.00p
16:45 2,182 @ 239.00p
16:35 500 @ 238.00p
16:35 162,734 @ 238.00p
16:29 395 @ 240.00p

CHRY Key Personnel

Chair Andrew Haining