A UK-based reverse logistics company, Yusen Logistics, is raising $20 million through an angel investment fund.
Yusan, which has more than 100,000 employees in the UK and Ireland, said on Thursday that it had secured a $30 million round of funding led by Capital One.
The round, which will be announced on Thursday, will also see the company expand its operations to the United States.
The firm, which operates in the US and the UK, provides logistics services to companies in industries including food, energy, water, and transport.
It also provides logistics solutions to businesses in logistics and transportation.
The company, which was founded in 2012 and has been growing at an annual rate of more than 2% since its launch, has seen rapid growth over the last three years.
YUSEN has also launched a UK-focused business, Zim, which aims to help businesses in the region meet customer needs.
Capital One said in a statement that YUSen’s $30m round of financing is “a significant addition to the company’s portfolio.”
The company plans to invest in the company by using its expertise in logistics, logistics technology, customer acquisition and supply chain management to help other businesses grow.
“Our aim is to drive growth and profitability for our customers and our business and create new jobs in the United Kingdom,” YUSAN CEO and co-founder David Stokes said in the statement.
“We will also invest in expanding our presence in the EU to provide greater opportunities for our local partners to work together and benefit from the synergies of our business.”
YUSN has been expanding its logistics services in the last few years, having launched a US-based subsidiary in 2017.
In the UK the company recently launched a second UK-facing subsidiary, Zims, which it plans to take over the operations of.