The Parcel Monkey Group (Parcel Monkey) has raised an undisclosed sum of money from Frost Brooks Private Equity. Parcel Monkey is an e-commerce business providing cheaper parcel delivery prices by grouping shipments and booking them through one account. The funds have been raised so that the company can boost the brand awareness of its new services.
Nav Ramiah, CEO of The Parcel Monkey Group said: “This is a great deal for us. I think it’s a great statement of faith in the business and its excellent potential that we have succeeded in securing this investment.