A leading European all-in-one e-commerce shipping platform, Sendcloud empowers online retailers to compete by optimising the full shipping journey from checkout to returns. Now, it has closed a $177 million (nearly £128 million) in a Series C funding round.
UK expansion plans
The investment round was led by Softbank Vision Fund 2 with a significant strategic investment from L Catterton and HPE Growth. The company intends to expand into the UK with this fresh funding. Currently, they have a team of 15 salespeople and 3 marketeers in the UK and intend to double the team by 2022 and grow to a team size of 60 by 2024.
Besides the UK, Sendcloud will use this capital to further accelerate growth, expand its international presence, and fuel global platform adoption. Sendcloud currently has 400 employees and plans to hire another 250 in the next 12 months to support the Company’s growth. Besides this, 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.
“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 localised 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.”
Optimised shipping process
Founded by Rob van den Heuvel, Bas Smeulders, and Sabi Tolou in 2021, Sendcloud helps online businesses fully optimise their shipping process and deliver a superior end-shopping experience. It offers merchants a multi-carrier platform that simplifies flexible delivery. The platform is trusted by 23,000 merchants, including Gelato, Rosefield, Shoeby and Subdued.
It directly manages shipments with all major European carriers, offering a wide range of shipping methods, including cross-border shipping, delivery in parcel lockers, same-day delivery, and even delivery during a day and timeslot of choice. Additionally, the Sendcloud offers access to over 400,000 service points across Europe, enabling customers to pick up their parcel at their most preferred parcel shop. Sendcloud’s technology transforms e-commerce logistics by replacing multiple Application Programming Interfaces (APIs) with a single solution, bringing a seamless delivery experience to consumers and retailers.