Sendcloud to expand shipping reach with €12.6m funding round

Sendcloud, an integrated e-commerce shipping platform operating in Europe, has closed a €12.6 million Series B funding round to finance its international expansion and hire more staff.

The funding round was led by AXA Venture Partners with participation from existing investors BOM Brabant Ventures, Bonsai Partners and accompanied by a loan from Rabobank.

Founded in the Netherlands in 2012, Sendcloud says it has more than 15,000 customers across the UK, France, Germany, Spain, Italy, Belgium, Austria and the Netherlands.

The scale-up aims to strengthen the market position of online stores by “optimising” their check-out, shipping and returns process. Its streamlined process is designed to “reduce the costs” of stores and help them meet consumers’ demands.

Sendcloud offers over 50 online marketplace integrations, including leading e-commerce platforms like Amazon, Etsy, Shopify, WooCommerce and Wix.

The new funding will enable 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”, said the firm.

To support an 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.

Imran Akram, general partner of AXA Venture Partners (AVP) said “We first spoke to the Sendcloud team over three years ago and they have continually delivered on their plans, we are supporting their continued international expansion with this growth investment."

“Over the past few years, Sendcloud has evolved into a mature shipping solution that helps online retailers to compete with major e-commerce companies,” said Rob van den Heuvel, CEO and co-founder of Sendcloud. “By hiring talented people we can realise our ambitions to simplify cross-border shipping and take e-commerce businesses to new heights.”

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