Leading European eCommerce shipping platform, Sendcloud, has closed a €12.6m series B funding round. The investment will enable the Dutch company to open up the global delivery market by enhancing its international expansion and ongoing development of the international shipping platform.
The funding round was led by AXA Venture Partners with participation from existing investors BOM Brabant Ventures, Bonsai Partners and accompanied by a loan from Rabobank. Prior investors also include HenQ, TiiN Capital and Startupbootcamp.
With the full support of investors, Sendcloud will continue to strengthen the market position of online stores by optimising its shipping and returns process. According to Sendcloud, the streamlined process reduces the costs of shipping for online stores and helps them to meet consumers’ demands, enabling them to compete with larger e-tailers on a global scale.
Sendcloud said it offers over 50 integrations, including all leading eCommerce platforms and marketplaces like Amazon, Etsy, Shopify, WooCommerce and Wix. The ‘all-in-one’ shipping platform is currently active in 8 European countries, of which the latest is the UK.
The funding enables Sendcloud to integrate more local and global carriers and further automate the shipping process, allowing consumers to choose their desired delivery option no matter where they live, the company says.
To support the sudden increase in customers, the company said it has grown from 120 to 260 employees in just one year. The new funds will be used to hire 200 new employees.
“Over the past few years, Sendcloud has evolved into a mature shipping solution that helps online retailers to compete with major eCommerce companies. Due to the explosive growth of eCommerce and increasing customer demands, we see new opportunities to further improve the shipping experience,” said Rob van den Heuvel, CEO and co-founder of Sendcloud.
“By hiring talented people, we can realise our ambitions to simplify cross-border shipping and take e-commerce businesses to new heights.”