Press release
Sendcloud raises €12.6 million in Series B funding to expand its all-in-one shipping platform for e-commerce
Scale-up plans recruitment of 200 new employees to accelerate growth
17 november 2020, Eindhoven – Sendcloud, the leading e-commerce shipping platform in Europe, today announced it has closed a €12.6 million Series B Round. The new investment will enable the company to open up the global delivery market by enhancing its international expansion and ongoing development of the international shipping platform. The funding round was led by AXA Venture Partners with participation from existing investors BOM Brabant Ventures, Bonsai Partners and accompanied by a loan from Rabobank. Prior investors also include HenQ, TiiN Capital and Startupbootcamp.
With the full support of investors, Sendcloud will continue to expand its vision to strengthen the market position of online stores by optimizing their shipping- and returns process. This streamlined process reduces the costs of shipping for online stores and helps them to meet consumers’ demands, enabling them to compete with larger e-tailers on a global scale. Sendcloud offers 50+ integrations, including all leading e-commerce platforms and marketplaces like Amazon, Etsy, Shopify, WooCommerce and Wix. The all-in-one shipping platform is currently active in 8 European countries, of which the latest is the UK, Europe’s largest e-commerce market.
Over the past years the Dutch scale-up has made huge steps in simplifying the shipping process for online retailers. However, growing parcel volumes and increasing customer demands create new challenges in the field of e-commerce logistics. A global shipping network will contribute to opening up the complex delivery market for all, providing online stores of all sizes with the tools to compete against the e-commerce giants.
The funding enables Sendcloud to integrate more local and global carriers and further automate the shipping process, allowing consumers to choose their desired delivery option no matter where they live. The investment builds on an exceptional year for Sendcloud, due to the explosive growth in e-commerce and the recent expansion to the UK. To support the sudden increase in customers, the company has grown from 120 to 260 employees in just one year. The new funds will be used to hire 200 new employees to accelerate this rapid growth and enter new markets.
“We first spoke to the Sendcloud team over three years ago and they have continually delivered on their plans, we are excited to support their continued international expansion with this growth investment,” said Imran Akram, General Partner of AXA Venture Partners (AVP).
“Over the past few years, Sendcloud has evolved into a mature shipping solution that helps online retailers to compete with major e-commerce companies. Due to the explosive growth of e-commerce and increasing customer demands, we see new opportunities to further improve the shipping experience,” said Rob van den Heuvel, CEO and Co-founder of Sendcloud. “By hiring talented people, we can realize our ambitions to simplify cross-border shipping and take e-commerce businesses to new heights.”
