News

ParcelLab receives multi-million euro Series B investment

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Munich-based shipping specialist parcelLab is a cloud solution for smart parcel monitoring and targeted customer communication during the delivery process in e-commerce. Using parcelLab, online shops can control the post-purchase customer journey.

Founded in 2014, parcelLab has just completed a multi-million euro Series B financing round. In addition to a number of existing investors, including venture capital investor Coparion, Capnamic Ventures is joining the startup as lead investor.

Capnamic and existing investors, including Coparion, are investing several million euros in the startup. With the new capital, parcelLab intends to expand its technology and massively grow its team in order to strengthen existing international locations and open up new markets.

With the new funding, parcelLab will invest further in technology, as well as to expand its UK, German and French teams and develop into additional markets.

https://www.eu-startups.com/2019/10/munich-based-e-commerce-shipping-startup-parcellab-receives-multi-million-euro-series-b-investment/