Sendcloud (the “Company”), the leading shipping management platform for e-commerce in Europe, has closed a series C financing round of 150 million euros (177 million dollars). The financing round was led by Softbank Vision Fund 2 * with a significant strategic investment of L Catterton and the participation of HPE Growth.
Sendcloud helps online businesses optimize their shipping process while offering a superior end customer experience. As e-commerce has become the new standard when it comes to shopping, the delivery market is expected to grow from € 403 billion today to € 501 billion in 2024. However, most of the retailers still manage shipments using a single carrier, despite the fact that the 85% of Spanish consumers consider flexibility as a key element of delivery. Sendcloud provides the solution, offering online stores a multi-carrier platform that simplifies flexible delivery. The platform is trusted by 23,000 e-commerce, including Gelato, Rosefield, Shoeby and Subdued.
“At a time when consumers around the world want to decide where, when and how they want to receive their packages, the main online stores trust Sendcloud to boost their logistics process“, Comments Rob van den Heuvel, CEO and co-founder of Sendcloud. “To engage long-term consumers and successfully process growing package volumes, a multi-carrier solution like Sendcloud is essential, and we are proud to partner with Softbank and L Catterton to begin a new chapter of growth for our business.. “
Through Sendcloud, online stores, using a single integration, have direct contact with the main European carriers as well as access to a wide range of delivery options, including international shipments, deliveries at smart parcel lockers, same-day deliveries or according to the day and time slot of choice. What’s more, the company offers access to more than 400,000 service points across Europe, allowing customers to collect their package at the collection points of their choice. Sendcloud technology transforms e-commerce logistics by replacing multiple application programming interfaces (APIs). application programming interface) by a single solution, providing a unique delivery experience for both consumers and online stores.
“The increasing number of packages and the demand for flexible delivery have increased the need for smart shipping solutions among online stores.“, Comments Yanni Pipilis, Managing Partner of SoftBank Investment Advisers. “Sendcloud has created a leading “all-in-one” shipping platform that aims to help e-commerce to easily integrate functionalities such as checkout, shipping, tracking, returns, and analytics. We are delighted to partner with Rob and the Sendcloud team to support their mission to fuel the next ecommerce boom.. “
“Sendcloud’s scalable, intuitive and highly localized platform is at the forefront of transforming shipping management for online stores across Europe“, Add Christopher North, Managing Partner of L Catterton. “We are excited to partner with the exceptional team at Sendcloud to leverage our expertise in consumer-centric e-commerce as well as our extensive experience with high-growth technology and software companies to drive continued innovation and global growth for the company. company. “
Following a 133% annual increase in package volume, Sendcloud will use this capital to further accelerate its growth, continue to expand its international presence and drive global adoption of the platform. Sendcloud currently has 400 employees and plans to hire another 250 in the next 12 months to support the growth of the company.