ParcelLab secures £80m Series C investment

ParcelLab, the operations experience management platform, has secured £80 million in Series C Funding.

The funding round was led by global venture capital and private equity firm Insight Partners, with other investment from Endeit Capital and existing investors Capnamic Ventures and Coparion.

ParcelLab connects with over 150 carriers including big players like Hermes, DPD and DHL. The investment will be to accelerate its mission to bring people and brands more closely together.

Tobias Buxhoidt, CEO and Founder of parcelLab, said; “As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth. Identifying opportunities to further connect with people and build a better, stronger relationship is a key differentiator. Brands that are leveraging Operations Experience Management are transforming operational complexity into opportunities to overperform in the market. We’re super excited and proud to be on this journey and looking forward to disrupting new industry sectors with Operations Experience.”

Matt Gatto, Managing Director at Insight Partners, said: “We pride ourselves in identifying and investing in software ScaleUp companies that are driving transformative change in their industries. In parcelLab, we see true potential to transform how brands and people connect and we are thrilled to be able to support and spearhead parcelLab’s growth and progression as they lead the Operations Experience management category into new markets and industry sectors.”

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