byrd Raises $56M in Series C Funding


byrd, a Berlin, Germany-based e-commerce fulfillment technology startup, raised $56m in Series C funding.

The round, which brought the funding raised within the last 10 months to $75m, was led by Cambridge Capital, with participation from Speedinvest, Mouro Capital, Elevator Ventures and other existing shareholders. In conjunction with the funding, Matt Smalley, a Principal at Cambridge Capital, is joining byrd’s Board of Directors.

The company intends to use the funds to grow its local teams, add new features to its offering, and pursue its expansion efforts to launch in Sweden, Denmark, and Poland later this year.

Founded in 2016 by Alexander Leichter, Sebastian Mach and Petra Dobrocka, byrd operates a virtual network to provide order fulfillment services to online retailers across Europe via its proprietary software platform. The software is used by warehouse partners and integrates with e-commerce platforms such as Shopify or Amazon. byrd already serves the UK, France, Germany, the Netherlands, and Austria, and has recently launched new warehouse locations in Italy and Spain.

Thie company’s growth will create a large connected and independent e-commerce fulfillment network in Europe, with over 30 warehouse locations across 10 European countries. By the end of 2022, byrd expects a headcount of 400 staff across Europe and the UK, with offices in Berlin, Vienna, London, Paris, Barcelona and Milan.

The company will also launch support for Amazon’s Seller Fulfilled Prime programme, allowing it to tap into the large market of Amazon sellers who are looking for an alternative to FBA. In addition, byrd is expanding its B2B capabilities across the entire network. The company will also invest resources into new integrations with additional shop systems, ERP systems and other order management software, such as Xentral for the German market and PrestaShop for France.