Parcel Perform raises $20 million to back their delivery experience platform
Parcel Perform has today closed $20 million in a Series A funding round led by Cambridge Capital. Softbank Ventures Asia has also participated in the new funding with existing investors Wavemaker Partners and Investible joining as well. The company aims to use the freshly raised funds to further accelerate their global expansion.
Founded in 2015 by Arne Jeroschewski and Dana von der Heide, with bases both in Berlin and Singapore. Parcel Perform is already leading the delivery experience sector, enabling modern e-commerce enterprises to create unique end-to-end customer journeys and optimize logistics operations with powerful data integrations, parcel tracking, delivery notifications and logistics performance reports in real-time. With more than 100 million parcel updates daily and integrating more than 700 carriers.
CEO and co-founder Dr. Arne Jeroschewski comments:“With e-commerce becoming the primary retail channel, the need for merchants to provide an excellent post-purchase experience has become business-critical. Parcel Perform is uniquely positioned to capitalize on this opportunity with its enterprise-grade solutions and its globally standardised logistics data integrations,”.
The data-first company is pioneering innovative ML / AI use cases in e-commerce logistics including its unique ‘Date of Arrival’ prediction engine. Parcel Perform is the partner of choice for top brands, marketplaces and carriers across all major verticals globally. With over 100 employees across Asia-Pacific and Europe, the new funding will also enable the company to establish a regional headquarters in North America and grow to 150 employees globally by the end of the year.
“We set our hearts on building a scalable, sustainable and customer-focused enterprise software company. We grew our team to over 100 people and expanded our customer base from our roots in Asia to also working with leading brands, marketplaces and carriers in Europe and North America. Today, we are proud to support hundreds of customers by allowing them to leverage our platform as a true differentiator in their markets,” says CCO and co-founder of Parcel Perform Dana von der Heide.
Source: Parcelperform “Delivery Experience SaaS Leader Parcel Perform Secures US$20M Series A Investment Led by Cambridge Capital with Participation from Softbank Ventures Asia”