Germany-based Everstox, a platform to enable scalable warehousing and data-driven fulfilment for logistics service providers, raised 20 million euros on 25th November.
Investors: The round was led by Acton Capital and included existing investors Capnamic Ventures, GFC, and Flash.
Purpose of funding: The startup plans to double its global operative network with the funds and increase its employee base to 150 next year. The software and new customer onboarding investment will allow everstox to fulfil 1 million shipping orders per day through its network. Additionally, the company is expanding into online retail, third-party logistics and entering new markets aggressively.
Founded in 2019 by Boris Bösch, Felix Haberland and Johannes Tress, everstox is located in Munich, Germany. It is a Logistics-as-a-Service (LaaS) platform that enables scalable warehousing and data-driven fulfilment for logistics service providers. An online forum for real-time management and monitoring is combined with a network of professional 3rd-party logistics operators. As a result, merchants can rely on proven operational excellence and leverage deep eCommerce software integrations as they scale warehousing and delivery operations. The company’s solution provides merchants with one unified cloud platform for managing all distribution activities. Therefore, fast-growing companies can establish one or multiple fulfilment hubs and quickly expand into other European countries without hesitating due to operationally complex and intense logistics networks. The startup aims to enable transparent, efficient and eco-friendly logistics across Europe.
What the founders have to say
“In today’s agile eCommerce environment, successful merchants scale demand for their businesses in no time. However, scaling logistics and warehousing operations is the missing piece that is still highly complex and breaks all growth momentum. We are here to change that and bring a fully automated and flexible solution to all merchants,” said Boris Bösch, co-founder at everstox.
“The future of logistics is fast, dynamic, and green – we want to contribute with our proprietary cloud technology and network. Our vision is that in 2030 every third eCommerce order is routed to the right place, at the right time, by everstox,” said Johannes Tress, Managing Director and Co-Founder at everstox.
What the investor has to say
“Instead of trying to replicate the operationally intense and highly complex work of logistics and warehousing experts, everstox selects the best players across Europe and connects them to fast growing eCommerce merchants, bringing both parties to a new tech level. Companies like FlixBus show that the asset-light combination of high-quality incumbents with a modern tech platform is the best approach to transform an industry. everstox is the tech update that digitizes traditional warehousing,” said Julius Lühr, Principal at Acton Capital.
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