Cypress Growth Capital Invests in Selery
$2.0M Non-Dilutive Funding for Tech-Enabled, Ecommerce Logistics Provider
Cypress Growth Capital is pleased to announce our recent investment in Selery, a one-stop-shop logistics provider for small to medium ecommerce businesses, offering personalized multi-channel order fulfillment and warehousing.
Founded in Dallas in 2016, Selery has doubled its revenue every year since inception, riding a wave of rapid ecommerce adoption by consumers and businesses alike. The pandemic further accelerated the growth of online sales: in 2020, consumers spent $861.12 billion online with U.S. retailers, up 44.0% from $598.02 billion in 2019.
“Our early seed funding came from the Mark Cuban Companies and other premier local investors,“ said Selery CEO and Co-founder Jason Taylor. “Cypress’ non-dilutive growth capital is the perfect fit for the next stage of our expansion.”
The company is powered by an advanced software platform that provides real-time supply chain insights, tracking inventory quantities across channels and warehouses. There are also pre-built software integrations to more than a dozen leading ecommerce shopping carts.
Selery will use the $2M investment primarily to implement robotic warehouse automation and expand marketing and sales efforts.