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Home Business & Finance Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight...

Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners – TechCrunch

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Summary (IA Generated)

Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the US VC/PE firm Insight Partners.

In a statement Tobias Buxhoidt, CEO and Founder of parcelLabsaid: “As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth.

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

Endeit only recently raised a €250 million fund to invest in B-stage European startups, so this is its most recent deployment of capital.

ParcelLab’s main competitor is US-based Narvar which has raised $64M, with its last round being a Series C funding.


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