Sendcloud, an international shipping platform that optimizes the shipping and return processes of e-commerce businesses, has raised 12 million euros in a Series B funding round led by AXA Venture Partners. BOM Brabant Ventures and Bonsai Partners also participated in the round.
Sendcloud offers an all-in-one shipping platform that is currently available in eight European countries, including France. The platform has over 50 integrations with major e-commerce platforms and marketplaces such as Amazon, Shopify, and Etsy. By using Sendcloud, e-commerce businesses can reduce their shipping costs from online stores and more easily compete in the global market.
With this latest funding round, Sendcloud intends to expand its international presence by forming new partnerships with transporters and entering new markets. In the past year, the company has already hired more than 40 new employees and plans to hire an additional 200 to keep up with the growth of the e-commerce market.
AXA Venture Partners is a venture capital firm that invests in technology companies that have the potential for high growth. BOM Brabant Ventures is a Dutch venture capital firm that provides funding and support to innovative startups in the Netherlands. Bonsai Partners is a venture capital firm that invests in early-stage technology companies in Europe.
Sendcloud's Series B funding round is a strong vote of confidence in the company's ability to provide an efficient and effective shipping solution for e-commerce businesses. By expanding its partnerships and reaching new markets, Sendcloud is well-positioned to continue its growth trajectory in the coming years.