Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners

Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners

3 years ago
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https://techcrunch.com/2021/05/11/final-mile-fulfillment-startup-parcellab-closes-112m-series-c-funding-led-by-insight-partners/

Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the US VC/PE firm Insight Partners.

Germany’s Endeit Capital participated as a co-investor, alongside existing investors Capnamic Ventures and coparion. parcelLab last raised an undisclosed Series B in October 2019. The new funding will feed into parcelLab’s global expansion plans and new product development.