Sendcloud, an e-commerce shipping platform in Europe, has announced it has closed a $177 million Series C financing. The funding round 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,” said Rob van den Heuvel, Chief Executive Officer and Co-founder of 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,” said 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’s scalable, intuitive, and highly localized platform is at the forefront of enabling sophisticated shipping for online merchants across Europe,” said Christopher North, Managing Partner at L Catterton. “We are excited to partner with the exceptional Sendcloud team to leverage our consumer-focused e-commerce experience and deep expertise working with high-growth technology and software businesses to drive continued innovation and position the Company for growth globally.”
Sendcloud will use this capital to further accelerate growth, continue to expand its international presence, and fuel global adoption of the platform. Sendcloud currently has 400 employees and plans to hire another 250 in the next 12 months to support the Company’s growth.
As part of this 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.
Arma Partners acted as exclusive financial adviser to Sendcloud in connection with this transaction.
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