The deal follows a $2m investment in the London-based company from Hummingbird Ventures and UPS Strategic Enterprise Fund earlier this year.
Shutl said it plans to use the funding to launch its services in North America, beginning with New York and San Francisco in the first quarter of 2013 before spreading into 10 more cities.
The company’s delivery model allows users to receive goods from a handful of major retailers within 90 minutes of buying them online, or within a one-hour window of the shoppers’ choice.
Notion Capital partner Jos White said, “Notion looks to invest in fast-growing, internet-based businesses with the potential to disrupt large, and often complacent, markets – in this way Shutl is a great fit for us.
“Shutl provides an innovative solution to the ‘last mile’ delivery challenge giving customers the products they want, when they want them.
“We couldn’t be more excited to be making this investment and believe they can build both a large and global business.”
Earlier this year the UK government and the EIF took their biggest venture bet to date by helping London-based Notion Capital hit a £62.9m first close for its second cloud-focused fund.
Notion managing partner Stephen Chandler said, “This whole area of early innovative start-ups is such an important engine for growth of the economy, tax revenues and job creation.”
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