Logistics tech platform Parcelly has raised £5.1 million of Series A funding and plans to triple its headcount.
The funding was led by Scania Growth Capital. Existing investors include Publicis Group (managed by Iris Capital), Bright Link Ventures and Beril AG.
The investment will enable the company’s strategic expansion in the US and continental Europe.
Founded in 2014 by Sebastian Steinhauser, Parcelly aims to revolutionise the world of urban logistics, resolving first- and last-mile challenges by activating excess space in real estate for eCommerce and logistics through its mobile app technology.
The pick-up and drop-off solution integrates retailers and carriers across all industries into an internationally growing platform of ‘logistics hubs’. It has seen 450% platform growth over the past financial year.
Accelerated throughout the COVID-19 pandemic, the company focuses on B2B partnerships internationally, with clients across multiple industry verticals, including DHL Express, Stuart (GeoPost), Deliveroo, UberEats and JustEat and retailers such as Krispy Kreme, Aesop, Community Fibre and Bryson.
The new funding will fuel international expansion around the company’s UK, US and Germany offices, with plans to triple the firm’s headcount in the coming six months.
“I formulated the idea for Parcelly because I was dissatisfied with the last-mile delivery experience when placing an order online and it became my mission to change that,” said Sebastian Steinhauser, CEO and founder.
“What started as a B2C centric consumer app back in 2014 has evolved into the highly scalable B2B technology platform Parcelly is today. We make effective use of available space to offer the broad range of services online retailers and carriers need to meet consumer expectations, efficiency and sustainability goals.
“We’re super excited and proud to be on this journey and to welcome Scania Growth Capital on board as investors. Our focus to date has been on establishing our core product proposition with global clients, and this Series A round will help us fulfil our expansion plans, technology and team development.
“We are looking forward to disrupting new industry sectors with our unique omni-channel logistics platform.”