Sendcloud bags $177m in Series C funding for all in one shipping platform
E-commerce shipping platform venture, Sendcloud, has closed a $177 million Series C funding round.
This was led by Softbank Vision Fund 2 with a “significant” strategic investment from L Catterton and participation from HPE Growth.
"At a time when consumers around the world want to decide where, when and how they want to receive a parcel, leading online merchants depend on Sendcloud to fuel their logistics process," says Rob van den Heuvel, CEO and Co-founder, Sendcloud.
"To engage consumers in the long-term and successfully process growing parcel volumes, a multi-carrier solution like Sendcloud is essential, and we are proud to partner with Softbank and L Catterton and embark on a new chapter of growth for our business."
"Growing parcel volume and demand for flexible delivery have increased the need for smart shipping solutions amongst online merchants," says Yanni Pipilis, Managing Partner at SoftBank Investment Advisers.
"Sendcloud has built a leading all in one shipping platform that aims to help merchants easily integrate functionalities such as checkout, shipping, tracking, returns, and analytics.”
“We are pleased to partner with Rob and the Sendcloud team to support their mission of fueling the next wave of e-commerce enablement."
Sendcloud will use the capital to accelerate growth, continue to expand its international presence, and fuel global adoption of its platform. It currently has 400 employees and plans to hire another 250 in the next 12 months.
As part of the funding round, Neil Cunha-Gomes and Monika Wilk, both Investors at Softbank Investment Advisers, will join the company's board of directors alongside L Catterton's Ido Krakowsky.
