parcelLab pockets $112 million in Series C round

Shipping software platform provider parcelLab has secured $112 million in Series C funding led by Insight Partners.

Endeit Capital joined as a co-investor and existing backers Capnamic Ventures and coparion also participated.

The previous round figures are not public knowledge, although a parcelLab spokesperson told RTIH that its Series C is the largest one secured thus far by the company.

"Operations Experience" is a new term, so some people aren't familiar with it yet. So, how can you explain Operations Experience to a colleague? 🤨

We've broken it down in our latest blog post. 👇🏽

Check it out here: https://t.co/UWGDRJuEV0

#OperationsExperience #ecommerce pic.twitter.com/cr40FYUbWd
— parcelLab (@parcellab_en) May 6, 2021

Tobias Buxhoidt, CEO and Founder, parcelLab, says: ‘“As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth.”

“Identifying opportunities to further connect with people and build a better, stronger relationship is a key differentiator. Brands that are leveraging operations experience management are transforming operational complexity into opportunities to over perform in the market.”

“We’re super excited and proud to be on this journey and looking forward to disrupting new industry sectors with operations experience.”

Matt Gatto, Managing Director at Insight Partners, comments: “We pride ourselves in identifying and investing in software scale up companies that are driving transformative change in their industries.”

“In parcelLab, we see true potential to transform how brands and people connect and we are thrilled to be able to support and spearhead parcelLab's growth and progression as they lead the operations experience management category into new markets and industry sectors.”

parcelLab was founded in 2015 and has worked with the likes of Ikea, Farfetch and Lidl.

The Series C funding will fuel its global expansion, support new product development and boost its recently released returns portal.