At a Glance
The Netherlands-based startup Sendcloud stated that the Series C fundraising round of the Softbank Vision Fund 2 had raised $177M. With its long e-commerce technology suppliers, Sendcloud comprises Shopify, Magento, WooCommerce, and Amazement, with over 50 integrated distributors.
Sendcloud, a Dutch startup, has announced that it has raised $177 million in a Series C funding round led by Softbank Vision Fund 2. Other participants include L Catterton and HPE Growth. SendCloud connects online retailers to shipping carriers to save them time and money.
Sendcloud combines the longer e-commerce technology providers used by retailers – over 50 integrations are made up of Shopify, Magento, WooCommerce, Amazon, etc., with a range of shipping and shipping companies — DHL, UPS, FedEx, DPD, etc., more than 35 in all currently providing shipping and delivery services (and growing).
In other areas, such as freight forwarding and warehousing, Sendcloud is in the same category of start-ups that have been tackling the physical component of e-commerce by establishing cloud-based platforms to bring numerous providers of those services together in a way that was not before digitized. This provides a significant opportunity in shipping and delivery, an area that is becoming ever omnipresent and which consumers anticipate. According to the company, the delivery market will expand from 475 billion dollars now to 591 billion dollars by 2014.
Rob van den Heuvel, Sendcloud’s CEO and co-founder, said, “We try to provide Amazon-level logistics to all the other merchants out there. Prior to its closure, he stated that the company — now home to 23,000 clients — saw an average rise of between 70% and 80% every year. During a lockout of 120%, the parcel quantities increased by 133%. “And we have not seen volumes going down since,” he added.
Yanni Pipilis, the managing partner at SoftBank Investment Advisers, said, “Growing parcel volume and demand for flexible delivery have increased the need for smart shipping solutions amongst online merchants. 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.”
Christopher North, the managing partner at L Catterton
Sendcloud’s scalable, intuitive, and highly localized platform is at the forefront of enabling sophisticated shipping for online merchants across Europe. 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.