Munichbased parcelLab raises $112M Series C funding led by Insight Partners

ParcelLab is a Munich-based company that provides the final-mile fulfillment solution for digital retailers. If the latest report is anything go by, it has recently closed around $112 million for Series C  funding led by the VC or PE company Insight Partners in the US. munichbased 112m series insight partnersbutchertechcrunch.

The Endeit capital of Germany has also participated as the co-investor. Besides, there were the existing investors Coparion and Camnamic Ventures. ParcelLab uplifted the undisclosed Series in 2019 (October). The most current funding is expected to feed into the global expansion strategies of parcelLab & innovative product advancements. munichbased parcellab 112m series insight.

Tobias Buxhoid founded the company in 2015 under the professional and financial guidance of CTO and COO Julian Krenge and Anton Eder, respectively. After it was incepted, this startup fairly managed to bag customers like Lidl. So, that means around Lidl customers (a whopping 85% of them) returned to the website. munichbased parcellab series insight partnersbutchertechcrunch.

It collaborates with Farfetch and Ikea to improve the basket sizes & email open rates, with over 25% decrease in WISMO with increased customer reviews. The Tobias Buxhoidt founder and CEO, Buxhoidt, stated that they aim to offer branded and unique experiences to drive exponential growth. munichbased parcellab 112m insight partnersbutchertechcrunch.

The company also intends to identify opportunities to connect with consumers and build stronger and better relationships. It’s the key differentiator that gives the company a competive edge.

Gatto, Insight Partners’ managing director, stated that they pride themselves in investing in software companies that generate transformative changes in the industries. They think parcelLab has got potential to give brands a digital transformation while connecting people accordingly.