November 22nd, 2016
Australian delivery software start-up GetSwift will move its global headquarters from New York to Melbourne as it gears up to list on the Australian Securities Exchange next month.
The firm, led by former AFL player Joel Macdonald, uses algorithms to optimise the delivery service for enterprise firms and has had a 400 per cent growth in transactions in the past six months. The service is used in 51 countries and Mr Macdonald said he expected to employ about 30 staff in the firm’s new Melbourne HQ during the next few years.
“We were always keen to come back,” he said. “I grew up in Melbourne and we started the company towards the end of my football career working from the Inspire9 co-working space.
“There was a lot of volatility with my football career, and I stuck it out for 11 years, but my passion has always been technology. Over time I realised I’m better at business than football, especially playing at Melbourne Demons where we were getting destroyed every week.”
Before GetSwift was a delivery management firm, it was a liquor delivery business called Liquorrun, ferrying drinks between bottle shops and thirsty customers. “It took off pretty quickly but we were running a logistics business on very primitive, clunky systems across texts, emails, calls,” Mr Macdonald said.
GetSwift chairman Bane Hunter, a former Viacom and Foxtel executive, said the pair recently met Victorian Small Business, Innovation and Trade Minister Philip Dalidakis in the US where he delivered a “pretty compelling pitch” about why Melbourne should be the company’s first choice for a move back home.
“It’s no wonder Melbourne is now home to some of the world’s fastest growing tech firms and we’re glad to be joining their ranks,” Mr Hunter said.
Mr Dalidakis said the firm’s decision to move to Melbourne represented “another huge vote of confidence in Victoria as a hub for global tech talent”.
Mr Macdonald said GetSwift was on track to list early next month and complete a $5.5 million capital raising that was four times oversubscribed.
“We’re experiencing a really intense and aggressive growth curve right now,” he said. “Our future will be continuing to expand our global footprint and making sure nothing holds us back. The capitalisation is just about fulfilling some of the current contracts in our pipeline and scaling the accelerated rate to capture that market share.”