An e-commerce delivery startup based in Barcelona, Paack has raised US$ 53 million funding in a Series C round on 17 November 2020. This brings the total funding capital of the company to more than US$ 80 million.
This series C funding round was led by Bregal Milestone and included the participation from the present investors of Paack; RPS ventures, Fuse Ventures, Rider Global and Unbound. They intend to use this new investment for expanding their current delivery coverage. They will also be investing in operational efficiency of their delivery solutions. This investment deal is the eighth investment from the London headquartered venture capital Bregal Milestone’s €495 million fund. This also marks their very first transaction in Spain.
The company initially started in Dubai in 2015 for helping companies to create better delivery experiences. Today they are serving in more than 60 cities and have done 20 million + deliveries and are experiencing 3.5 times year per year growth. They are expecting to reach €50 million mark in sales this year. With around hundred plus international clients they have a consumer rating of 4.8/5 for the services offered by them.
The proprietary technology offered by Paack is built particularly for the service time slot e-commerce deliveries which are controlled by the end customer. Their delivery solutions are available for immediate delivery service from the Store, same day deliveries or next day deliveries from Store or warehouses.
Paack pioneering delivery solutions are featured with technology, value proposition, owned dedicated network, wide coverage and excellent delivery experience. Their product ecosystem is designed in house for ensuring preeminent delivery experience at competitive costs. They operate their own distribution centers and the last mile delivery stations. They have a network of more than 3000 professional drivers who are dedicated to making timely deliveries. Some of their clients include Loewe, La Redoute, PC components, Vodafone, Mango, Privalia, Colvin and many more.
About Paack
Paackk was founded in December 2015 by Fernando Benito Galobart, Xavier Rosales Cavero, Suraj Shirvankar and Víctor Obradors Molins and is headquartered in Barcelona, Catalonia, Spain. They operate in France, Spain , Portugal and the UK covering more than 60 cities. It offers scheduled e-Commerce delivery solutions enabling sustainable vehicle distribution and user-controlled time slots. Their team consists of highly paid professionals who carry extensive experience and solid knowledge in different areas. Originally Paack was established in Barcelona but the platform was delivered in Dubai by some international engineers. Presently the Paack team has more than 240 employees.
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