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US business merged with Sendle to create FAST Group
Every investor coverage indicates participated in a round FirstMile raised.
Companies FirstMile acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming FirstMile. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The Sendle delivery brand, liquidated earlier in 2026 after a troubled merger, has been bought by logistics executive Andrew McKenna, who expects a September relaunch with Quantium Solutions handling deliveries.
Touch Ventures twice marked its Sendle holding down to nothing during 2025, first over a harsh Federation financing, then after claims against merger partner ACI Logistix, before Sendle's sudden shutdown.
Federation says ACI Logistix hid its finances before merging with Sendle and FirstMile into Fast Group, now winding down, killing the courier; the article also recalls past Sendle and Strongroom raises.
Directors at Sendle's parent FAST Group voted to shut the delivery business after it could not raise the money needed to survive; Federation had propped it up while rivals Aramex and Interparcel courted customers.
Alternative parcel delivery firm Sendle stopped taking bookings five months after merging into US parent Fast Group, whose financial troubles led investor Federation Asset Management to suspend fund withdrawals and inject emergency capital.
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Sendle has halted new parcel shipments, disrupting small business customers. The article recalls its 2021 Series C, a 2024 raise, its merger creating FAST Group, and emergency capital from Federation Asset Management.
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Sendle has merged with US firms FirstMile and ACI Logistix to form FAST Group, combining Australian small-business shipping with US parcel networks; ACI Logistix's Keith Somers will lead the combined group.
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