Sendcloud closes 150 million to grow its global presence
Sendcloud, the leading e-commerce shipping platform in Europe, has raised 150 million euros in a Series C funding round. The investment was led by Softbank, along with L Catterton and HPE Growth. The Dutch-based company will use the money to accelerate growth and continue its ongoing mission for international expansion.
The shipping platform is now active in 8 European countries. After its expansion to Germany, France and most recently the United Kingdom, the company is set on a breakthrough in the international parcel market.
Their headquarters in Eindhoven currently houses 400 employees. In order to continue to grow its global presence, Sendcloud wants to use the capital to hire 250 more, the company said in an interview.
Post-pandemic boost in parcel delivery
Sendcloud has more than 20 thousand retailers under its wings across Europe. Online stores can plug into their all-in-one shipping platform and employ different European carriers to ship orders worldwide. Shops can also opt for delivery options such as parcel lockers, pick-up points and choose a specific day and time for delivery.
The newly raised capital follows a boost in ecommerce and, consequently, parcel delivery as a result of the Covid-19 pandemic. In 2020, Sendcloud shipped more than double the parcels than in the year before. Overall, the parcel market experienced a growth of 13 percent in that same year. The post-pandemic effect has not worn off, as the delivery market continues to grow.
Sendcloud fills an important gap in the market by offering e-retailers big and small an alternative to hashing it out with different carriers. Additionally, it plays into growing consumer wishes of more flexible delivery options. After its recent expansion to the United Kingdom and the post-pandemic boom, Sendcloud seems to grow with an ongoing momentum.