Australian startup Sendle, which was once touted as an Australia Post-killer and raised more than $100 million in funding, has shut down following a collapsed merger in late 2025.

Sendle was founded in Sydney in 2014 and provided virtual courier services in Australia, the US, and Canada with a focus on small-to-medium businesses and online retailers.

The company had staff based in Australia, New Zealand, the Philippines and the US.

It launched as a competitor to Australia Post and touted itself as a more environmentally friendly and cheaper option for businesses, before it expanded to North America in 2019.

But over the weekend Sendle notified customers that it would be “halting all bookings for parcel pickup and delivery”, and parcels already picked up would be delivered “at the discretion of the delivery partner”.

It was later revealed the directors of Sendle’s parent company, FAST Group, had voted to cease operations on 10 January.

Sendle’s 12-year history

Sendle was first launched in Sydney by James Chin Moody, Sean Geoghegan, and Craig Davis.

It used third-party logistics providers to complete deliveries for its clients, and did not have its own drivers or operate its own fleet.

In a note sent to its customers over the weekend, the company apologised for the disruption the immediate halt in operations would cause.

“We understand this may be disruptive for your business and we apologise for any inconvenience caused,” the email said.

The startup raised more than $100 million over its life, including investors such as Touch Ventures, Rampsersand, Giant Leap, Alberts Impact Capital, and Marinya Capital.

An ill-fated merger

In August 2025 Sendle merged with US-based delivery companies ACI Logistix and FastMile, creating FAST Group.

The merger was meant to help Sendle further expand into America.

Following the merger, the companies continued to operate separately, with Sendle co-founder Moody remaining as CEO of the Australian company.


Sendle provided virtual courier services in Australia, the US, and Canada. Image: Sendle

But in a statement to Information Age, key Sendle investor Federation Asset Management claimed ACI Logistix was “not current on its financial obligations” at the time of the merger, leading to the collapse months later.

“Federation believed the merger to be accretive to its existing investment in Sendle and, on that basis, underwrote additional capital investments both at the time of, and following, the merger,” the statement said.

“Since the merger it emerged that ACI Logistix was not current on its financial obligations at the time of the merger, contrary to representations made to Federation during the due diligence process.

“The merged entity’s operating performance had since been adversely affected by strained supplier relationships arising from non-compliance with payment obligations.”

Federation Asset Management also confirmed the Fast Group board of directors had “resolved to wind down [Sendle]” over the weekend.

“Federation is continuing to act on behalf of its investors to maximise potential recoveries,” the statement said.

“The quantum and timing of any recoveries are uncertain.”

Federation Asset Management first invested in Sendle as part of its $20 million Series B round in 2019, and participated in subsequent funding rounds.

The merger between Sendle and the two US companies was meant to create a “powerful logistics ecosystem” across multiple continents.

The ACI Logistix website still features a note about the “exciting merger news” at the time of writing.