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Parcel shipping platform Packlink raises $12.6m Series C round

Spanish parcel shipping platform Packlink has raised a $12.6m Series C round led by London-based Eight Roads Ventures.

The company currently operates in Spain, Germany, France and Italy, offering an API integration with companies like DHL, UPS and TNT in order to give online merchants a better choice when shipping parcels globally.

The company will use the additional funds to expand this offer, as well as eyeing the UK market.

This brings total funding for the company to $24.9m, with the round joined by existing investors Accel Partners and Active Venture Partners.

Davor Hebel, partner at Eight Roads Ventures, said: “Packlink is a powerful reminder that market-leading innovation is happening right across Europe. The company’s platform is best-in-class and its commercial traction is very exciting. We are delighted to have led this funding round and to support Packlink’s future growth trajectory, sharing our expertise in building great software and marketplace businesses.”

Eight Roads Ventures is the new name for Fidelity Growth Partners, a VC investor that has backed the likes of Made.com, NotontheHighStreet.com and Wahanda.

The company has a £15om fund live at present and is on the hunt for fast-growth European companies focused on enterprise, consumer and fintech solutions.