There’s no denying that e-commerce is hotter than ever. My case in point: just about every brand you’ve ever made a purchase from is stuffing your inbox chuck full o’ Black Friday deals. With the biggest display of consumerism on tap, there’s one angle that perhaps remains an afterthought: getting all those goodies to your doorstep. And at breakneck speed.
And so it is with Munich’s logistics provider everstox, who have just closed a €20 million Series A round with the aim of transforming the art of warehousing into what the startup refers to as, “an asset-light tech solution”. In order to accomplish this, the capital will be used to triple the staff numbers, gunning to process and ship 1 million products a day through its network.
Now the keyword here is network. The company has assembled a network of third-party logistics operators (currently at 50 warehouses in 7 countries) and unites them all under a real-time management and monitoring platform. Ultimately, this helps e-commerce merchants rapidly scale operations all the while maintaining a customer experience akin to the industry’s gold standard: Amazon. Love it or hate it.
Speaking of Amazon, everstox counts Berlin’s fba buyer Razor Group amongst its client base, alongside retailers YFood and the nu company.
“In today’s agile e-commerce environment, successful merchants scale demand for their businesses in no time. However, scaling logistics and warehousing operations is the missing piece that is still highly complex and breaks all growth momentum. We are here to change that and bring a fully automated and flexible solution to all merchants.” says co-founder and managing director Boris Bösch.
The €20 million Series A round was led by Acton Capital and saw participation from existing investors Capnamic Ventures, Global Founders Capital (Rocket Internet’s Oliver Samwer’s fund), and Flash.
“Companies like FlixBus show that the asset-light combination of high-quality incumbents with a modern tech platform is the best approach to transform an industry,” said Acton Capital’s Julius Lühr. “everstox is the tech update that digitizes traditional warehousing.”
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