Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners

Munich-based ParcelLab, which provides last-mile service to online retailers, has completed a $ 112 million (GB £ 80 million) C financing round led by the American company VC / PE Insight Partners.

Edit Capital of Germany participated as a co-investor, together with existing investors Capnamic Ventures and comparison. ParcelLab prepared the latest version of a B Series that was not released in October 2019. The new financing will feed ParcelLab’s global expansion plans and the development of new products.

Founded in 2015 by Tobias Buxhoidt (CEO), Julian Krenge (CTO), and Anton Eder (COO), the company has managed to package customers like Lidl, for which it offers automated dispatch notifications. This means that up to 85% of Lidl customers will return to your website.

He is also working with IKEA and Farfetch to increase basket count and email open rates, he says: more than 90%, 25% reduction in WISMO (where my order is located) and increase the customer appreciation.

In a note, Tobias Buxhoidt, CEO and founder of parcelLab said: “As e-commerce becomes more competitive, offering unique and branded experiences will drive growth. It is an important distinction to identify opportunities. people who come into contact and build a better and stronger relationship. “

Matt Gatto, CEO of Insight Partners, said: “We are proud to identify and invest in ScaleUp software companies that are driving transformative changes in their industry. At parcelLab, we see the potential to transform the way brands and people connect. “

Edit recently raised a € 250 million fund to invest in European phase B companies. This is the most recent capital distribution.

Philipp Schroeder, Endeit’s partner, said: “The ParcelLab team is the perfect example of Internet entrepreneurs we want to support, entrepreneurs who can make a difference to make Europe more competitive and who have the ambition to become a market-leading global.”

ParcelLab’s main competitor is Narvar, from the United States, who raised $ 64 million in the last Series C financing round.

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