Trunkrs raises €15m in Series B funding

Dutch same-day delivery company Trunkrs has raised €15 million in a series B funding round that the company says will help further establish itself in its Benelux home countries and improve its sustainability offering.

“As a chain partner, we actively promote sustainability in our industry,” said Trunkrs Co-Founder and CEO Jan Wijn in the release, adding the investment will help the company boost its “position as market leader in our segment in the Netherlands and expand further to Belgium.”

Trunkrs works with e-commerce firms in Belgium, the Netherlands and Flanders. Founded in 2015, one of its core aims is to make last mile delivery more sustainable. It achieves this by using existing carriers and distribution centres as a means of keeping its footprint small, adding extra parcels to their runs to maximise efficiency and reduce the carbon footprint per parcel.

The funding round was led by Korys, supported by VP Capital and SET Ventures.

“With this investment, Trunkrs can further develop the electrification of parcel delivery and make significant savings on [carbon dioxide] emissions in an ever-growing eCommerce market,” said VP Capital Director Guus van Puijenbroek in the release. “In addition, our evaluation showed that Trunkrs is increasingly placing demands on partners in terms of working conditions and sustainability.”

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