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Shipping is that part of life that no one really looks forward to or wants to spend time thinking about — even companies like Shyp have sprung up to save people from even having to touch an item they want to ship.
Spanish company PackLink is getting in on that game, and today it’s announcing that it has raised $9 million in a second round of institutional funding.
PackLink’s service is sort of a shopping mall for shipping logistics options. Individuals, small or medium businesses, and ecommerce sites can compare shipping providers, prices, delivery speed, and other options on a per-package basis, and simply print a label corresponding to the shipping they’ve chosen. PackLink operates in Spain, France, Germany, and Poland, is partnered with 20 worldwide shipping providers, and even offers some discounted prices through those relationships.
“There is a huge opportunity to bring efficiency to the shipping industry. This investment will help PackLink to further expand its marketplace, making shipping easy, quick, and economical in more and more countries for consumers as well as businesses,” PackLink cofounder and chief executive Ben Askew-Renaut said in an official statement.
PackLink will soon launch a more business-focused version of its service, PackLink Pro. It will be a cloud-based service that integrates with a business’s operational system and automates the shipping process. It will also provide notifications and tracking and returns management for vendors’ customers.
“We are excited to back the PackLink team as they continue to democratize the complex shipping market, bringing together customers and shipping providers, and enabling businesses to offer a superior customer experience,” said Accel Partners partner Michiel Kotting, who will be joining PackLink’s board.
The company will also use its new funding to continue expanding internationally, first to Mexico and Italy, then to other locations.
“We have worked intensively together with PackLink to develop its international expansion strategy because we believe in their approach to developing a disruptive and unique business model. We are delighted to have introduced Accel Partners as co-investor and look forward to combining our efforts in fuelling further growth,” said Active Venture Partners founding partner Ricard Söderberg, whose firm is participating in this round.
Shipping has become an important part of ecommerce in recent times, with other companies such as Pacejet also working to provide vendors with products to streamline shipping to their customers.
Accel Partners led the round, with additional contribution from current investor Active Venture Partners.
PackLink was founded in 2012 by Askew-Renaut and Javier Bravo and is headquartered in Madrid, Spain. The company previously raised $1.5 million from Active Venture Partners, bringing its total funding to date to $10.5 million.
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