Spanish startup Packlink, which operates an online parcel-shipping platform, has closed a financing round totalling $12.6 million, with London-based investment firm Eight Roads Ventures (formerly known as Fidelity Growth Partners Europe) taking the lead.
Prior backer Accel Partners and 'founding investor' Active Venture Partners also participated in Packlink's new funding round, which brings the startup's total capital raised to $24.9 million.
Packlink was originally founded in Madrid back in 2012 by current CEO Ben Askew-Renaut, with the ambition to become a “global API” that connects shipping providers with consumers and businesses directly via the Web. That seems to be working out for the startup, which says it has been growing at 100% year-over-year (presumably that's revenues they're referring to) as it rides the wave started by the global e-commerce boom and the increase in cross-border shopping around the world.
Packlink currently integrates with 20+ partners, including the big boys (DHL,UPS, TNT etc.), offering 300 different services with operations in Spain, Germany, France and Italy.
Says Askew-Renaut: "We have built really exciting technology that lets online merchants and marketplaces offer their customers the sort of shipping experience normally reserved for large retailers, allowing them to focus on their core business. This investment will help Packlink on its path to becoming a leading provider of carrier services across Europe, giving both businesses and consumers easy access to the world of shipping and parcel delivery.”
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