OOHPod raises €5.4m in new funding

Press release: Jan 8th 2024

Smart parcel locker service OOHPod has raised €5.4m in new funding.

The latest round, which brings total funding raised to date to €8.5m, was led by Business Venture Partners (BVP) through the 2022 BVP EII Fund and Themvar Holdings UC (Themvar). Several high-net-worth individuals also participated.

We’re not just expanding our network; we’re redefining sustainability, convenience, and security in parcel delivery - John Tuohy, CEO OOHPod

Pictured below (L-R): Johnny Cosgrove, Michael Murray, John Tuohy, Stephen Burdock, Garrett Thornton and Elliott Griffin.

The new funds will primarily be used to develop OOHPod’s self-service parcel locker network in Ireland and Northern Ireland and launch in Great Britain, and to further develop the digital advertising offering on the OOHPod kiosks. 

With the new funding, OOHPod plans to expand its footprint to 350 locations in Ireland, North and South, over the next two years. 

The company is set to create 10 new jobs in IT development, marketing, and various operational roles. The company currently employs 12 people.

Poised to grow

Launched in 2022 by John Tuohy following the sale of his Nightline courier business and its locker arm Parcel Motel, OOHPod parcel lockers are designed with sustainability, convenience, and security in mind.

Unlike other locker providers, shoppers can have their parcel delivered straight to an OOHPod locker, no matter who the delivery provider is.

Tuohy said the investment marks a pivotal moment for OOHPod.

“It’s a testament to our team’s hard work and the innovative solution we’ve brought to the market. With this funding, we’re poised to significantly expand and improve our network across Ireland and Northern Ireland and prepare for our much-anticipated entry into the UK.”

Since launching in 2022, OOHPod has rapidly grown, currently boasting over 110 self-service parcel lockers and a pipeline of over 500 sites located at key retailers like Lidl, Tesco, and leading independent outlets across Ireland and Northern Ireland. 

“The support from our investors, including BVP, Themvar, and others, is a huge vote of confidence in our vision to revolutionise the parcel delivery experience,” Tuohy added.

“We’re not just expanding our network; we’re redefining sustainability, convenience, and security in parcel delivery.”

Related links:

• https://businessplus.ie/ma/funding/locker-company-oohpod-raises-over-e5m/
• https://www.thinkbusiness.ie/articles/oohpod-funding-smart-parcels-expansion/
• https://www.businesspost.ie/tech/investors-go-ooh-over-parcel-motel-founder-john-touhys-latest-venture/
• https://www.siliconrepublic.com/business/ecommerce-john-tuohy-nightline-oohpod
• https://www.dcadvisory.com/news-deals-insights/deal-announcements/dc-advisory-advises-oohpod-on-its-series-a-fundraise-from-a-syndicate-of-institutional-investors-and-family-offices/#gref