Fulfillment platform Byrd raises 16 million euros
Byrd, which offers ecommerce fulfillment, has raised 16 million euros in a Series B funding round. The Austrian company will use the money to further expand in Europe. It’s currently active in five European markets, but is set to expand to five more.
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Byrd was founded in Austria and 2016 and is now also active in the United Kingdom, Germany, the Netherlands, and France. In these five markets, the company has about 15 fulfillment centers and 200 customers.
Byrd has 15 fulfillment centers across Europe.
Expansion across Europe and more staff
Now it has picked up 16 million euros in a round, led by Mouro Capital and with participation from existing investors, including Speedinvest, Verve Ventures, Rider Global and VentureFriends. The ecommerce fulfillment platform wants to use this money to expand to five more markets in Europe. It also wants to hire more people, by doubling the staff to 200 by the end of the year, and scale the offices that are already serving the existing markets.
‘We handle the whole order fulfillment process’
With its network of 15 warehouses in Europe and its cloud-based fulfillment software, Byrd offers its customers the possibility to outsource and manage their ecommerce logistics through a digital interface. “We handle the whole order fulfillment process from storage to shipping, as well as returns management, and gives merchants the ability to evaluate and manage their supply-chain in real-time with a few simple clicks, giving them full clarity and control”, the company explains.
Byrd saw its revenue grow 300 percent year-on-year and currently, the company handles hundreds of thousands of parcels per month.
Byrd saw its revenue grow 300 percent year-on-year.