Bigblue raises $15 M in Series A led by Runa Capital
Bigblue, a Paris-based order fulfillment platform, revealed that it had received $15 million in Series A funding. Runa Capital led the round, with LPV serving as the secondary lead investor, and existing investor Samaipata also took part in the round.
The funds will be used to hire 100 additional individuals in sales, marketing, and operations over the next year and triple the engineering personnel. Bigblue intends to speed its expansion into the rest of Europe over the next 12 months after building its first office in Madrid.
“Powering independent brands in France since 2018, Bigblue does not simply offer a fulfillment solution that matches Amazon standards – we aim to make it easy for brands to grow online. With this new round, we will support scaling service offerings for Bigblue’s growing base of online merchants. Most importantly, fuel hiring efforts and continue to position the company as the leader in the D2C fulfillment space,”Tim Dumain, co-founder at Bigblue.
Bigblue intends to increase its low-carbon 1-day delivery to all of Western Europe. Hence, to expand its Fast-Tag Program, which assists brands in lowering their marketing expenses.
The program automatically sends qualified buyers a 1-day delivery time that is 98% correct. According to the company’s claims, early adopters saw a significant improvement in conversion of 20-40%, saving them high acquisition costs.