Shipping tool SendCloud raises €5 million
Ecommerce shipping tool SendCloud has raised 5 million euros thanks to investors henQ, BOM and TiiN Capital. With the fresh funding, the Dutch scale-up wants to further improve the ecommerce logistics in Europe and thus expand their presence on this continent.
Herman Hintzen, founding partner of new investor henQ, says he believes in the ambition of SendCloud, to conquer the European shipping market. “They serve the ever-growing group of SME online stores. Furthermore, the leading shipping carriers in the market are not able to meet the needs of these online retailers. Keeping that in mind, together with growing economies of scale, we are convinced that the ambitious team of SendCloud will optimize the European shipping market even further” With previous investments, SendCloud was able to improve its tool and to make it suitable for bigger stores as well.
According to Sendcloud’s CEO, Rob van den Heuvel, logistics account for 20 to 40 percent of the total costs for online retailers. “We see that consumers are becoming more and more demanding in getting and returning their goods. The biggest challenge is to meet these demands in a profitable way”, he says.
SendCloud was founded in 2012 with the goal to make the shipping process of small to medium-sized online stores more efficient. It offers multiple shipping options in the check out, faster order processing, customer notifications and automatic processing of European returns. The company has over 10,000 users in Europe and 55 people work at the company, which is headquartered in the Netherlands. It’s currently active in The Netherlands, Belgium, Germany, France and Austria.