Startupbootcamp alumni e-commerce shipping platform Sendcloud, has recently announced to have closed a £11.3 million Series B funding round. The new investment will enable the company to open up the global delivery market by enhancing its international expansion and ongoing development of the international shipping platform.
With the full support of investors, Sendcloud will continue to expand its vision to strengthen the market position of online stores by optimising their shipping- and returns process. This 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 offers 50+ integrations, including all leading e-commerce 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, Europe’s largest e-commerce market.
Over the past years the Dutch scale-up has made huge steps in simplifying the shipping process for online retailers. However, growing parcel volumes and increasing customer demands create new challenges in the field of e-commerce logistics. A global shipping network will contribute to opening up the complex delivery market for all, providing online stores of all sizes with the tools to compete against the e-commerce giants.
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 investment builds on an exceptional year for Sendcloud, due to the explosive growth in e-commerce and the recent expansion to the UK. To support the sudden increase in customers, the company has grown from 120 to 260 employees in just one year. The new funds will be used to hire 200 new employees to accelerate this rapid growth and enter new markets.
Sendcloud has quickly become one of the fastest growing scale-ups and leading shipping solutions in Europe, with more than 15,000 customers across the UK, France, Germany, Spain, Italy, Belgium and Austria. Customers range from small to enterprise-sized online retailers and in industries from fashion and electronics to food & drink.