PackLink, an online shipping solution for consumers and businesses, raised $9m in Series B funding.
The round was led by Accel Partners, with participation from existing investor Active Venture Partners. Michiel Kotting, Partner at Accel Partners, will join the company’s board in conjunction with the transaction.
The company intends to use the funds to accelerate the international expansion of its consumer platform and release a business-focused offering.
Co-founded in January 2012, Ben Askew-Renaut and Javier Bravo, PackLink is an online comparison, booking and management service that integrates with a business’ operational systems, automating the shipping process. Its soon-to-be-launched business-focused product further addresses the needs of higher-volume shippers such as e-commerce companies and also has customer-centric features such as shipping notifications, tracking and returns management.
The service, first launched in Spain in 2012, partners with major national and international couriers, integrating with their booking and parcel tracking systems.
The company now operates in Spain, Germany, France and Poland,and is to launch in Italy and Mexico.
FinSMEs
05/06/2014