Surrey-based fulfilment and national delivery business Diamond Logistics has secured a
£2.5m investment following an increased demand for its services from the eCommerce and
fulfilment sector. The business will use the funding to continue developing its ‘one-stop’
logistics platform Despatchlab, accelerate the growth of its network and build on the
demand created by the UK lockdowns.
Established in 1992 and led by founder and chief executive Kate Lester, Diamond Logistics
provides local and national fulfilment and delivery to businesses across the UK. The firm has
since pivoted from being a traditional logistics business operating its own fleet of vehicles,
to becoming an organisation at the forefront of logistics and fulfilment technology.
The business has developed its own platform, Despatchlab, that brings client users and
network partners together. Through Diamond Logistics’ innovation, its customers and third-
party logistics providers can successfully support SME and national retailers that are at the
forefront of consumer fulfilment. As consumers are now demanding same and next-day
deliveries more frequently, its ‘one-stop’ logistics platform supports customers in meeting
this growing requirement.
BOOST&Co has chosen to work with Diamond Logistics because the business presents a
compelling opportunity to work alongside one of the fastest growing logistics companies
founded by a female entrepreneur. The business has seen exceptional demand for its
services and is well placed to capitalise on strong market drivers across the logistics and
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs and
offers loans ranging from £1m to £10m, covering a wide range of sectors, with a strong track
record in technology, media and telecommunications (TMT). It has funded more than
£500m across more than 130 deals to date and provided close to £200m under the
government’s CBILS initiative to support SMEs during Covid-19.
Kate Lester, chief executive and founder at Diamond Logistics says:
“BOOST&Co is a good partner for Diamond Logistics as its team is entrepreneurial and visionary.
“The team has supported our vision for the future of same-day fulfilment and embraced the
opportunity that Despatchlab provides, not just for our own network, but vertical markets
such as retail too.
“This supports also allows us to retain our independence, with 95% of equity still owned by
myself, and our team.”
Kim Martin, head of the south and Midlands at BOOST&Co says:
“We are absolutely delighted to support Kate and the team at Diamond Logistics and help them achieve their
future growth plans.
“Diamond Logistics offers a compelling service and we are very excited by the opportunities
Despatchlab presents for them and the market as a whole.”
About Diamond Logistics
Diamond Logistics is a delivery and fulfilment operation powered by Despatchlab
technology. Working with a passionate and talented network of professionals and service
centres across the country, Diamond Logistics makes sure packages get where they’re
needed to help businesses of all shapes and sizes grow, scale and flourish.
The company was founded in 1992 by Kate Lester to help SMEs with their delivery and
storage needs. With Kate still at the helm, Diamond has embraced new technological
solutions to grow and improve its services.
BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs.
The independent asset manager, which offers loans of £1m to £10m, covers all sectors, with
a strong track record in TMT (technology, media and telecommunications).
The lender has offices in London, Manchester, Bristol, Cambridge and Cape Town, with
additional dealmakers in Birmingham, Reading and Leeds. Its funds come from insurance
companies and large pension funds.
Notes to editors
For additional details about BOOST&Co, please contact
Stephen Sanders and Charlotte Greenwood at PR Agency One
T: 0161 871 9140 E: [email protected]
For additional details about Diamond Logistics, please contact
Kirsty Adams T: 07812 579 953 E: [email protected]