Paris-based cloud logistics platform Spacefill has raised €25m ($27.5m) in a funding round led by venture capital firms NGP Capital, Maersk Growth, Eurazeo and La Famiglia. The start-up, founded in 2018 by Maxime Huzar, Gustave Roche and Quentin Drillon, connects companies with storage needs to logistics partners with available space. As a European cloud logistics provider, Spacefill has quickly become one of the major players in the B2B sharing economy, helping companies build more sustainable supply chains.
With the funding, the company plans to hire 80 people. Spacefill's goal in 2022 is to develop its platform to offer a smoother user experience and new features. It also aims to expand its connected network to offer new locations and expertise to clients across Europe.
NGP Capital is a global venture capital firm that invests in technology companies, while Maersk Growth is the corporate venture arm of Danish shipping giant Maersk. Eurazeo is a French investment company that specializes in private equity, and La Famiglia is a Berlin-based venture capital firm.
The funding round is expected to help Spacefill expand its footprint in Europe and develop new services that meet the growing demand for sustainable logistics solutions. The company's innovative approach to logistics has already attracted a number of high-profile clients, including Carrefour, L'Oréal and Nestlé. As more companies seek to reduce their carbon footprint and adopt more environmentally friendly practices, Spacefill is well positioned to capitalize on this trend and drive the adoption of sustainable logistics solutions across Europe.