Paack

Paack is a Spanish startup that began work in 2015. He is engaged in the delivery of goods from online stores. On the platform, you can track the movement of goods, manage the warehouse, etc. The company delivers several million orders per month. Paack's operating network covers more than 60 cities. The company operates in Spain, France, Portugal and the UK (as of February 2022).

History

2022: Raising $225 million investment

In early February 2022, Paack announced the attraction of $225 million in investments. The startup, specializing in the delivery of goods from online stores, intends to spend these funds on product development and expansion in the European market.

Infravia Capital Partners, First Bridge Ventures and Endeavor Catalyst took part in the Series D funding round. Among the returning investors are Unbound, Kibo Ventures, Big Sur Ventures, RPS Ventures, Fuse Partners, Castel Capital, Inaki Berenguer and Rider SoundFund Timur Boridko, Alexander Yeliseyev and Denis Lesnykh.

Russians invested in a Spanish service for delivering goods from online stores

By February 2022, the startup has an extensive business in Spain, but company representatives claim that Paack is on track to achieve similar results throughout Europe. It is also noted that the company delivers several million orders from 150 international customers every month. About 17 of them are among the largest Internet retailers in Spain.

Until 2024, demand for convenient, timely and more environmentally friendly delivery methods will grow, and Paack offers a solution to this problem. We use technology to give consumers control and choice of delivery, as well as reduce the carbon footprint of our distribution. We have a very clear short-term vision that is to lead sustainable e-commerce delivery in Europe... We are developing everything from warehouse automation, time windows, routing integration, etc., to achieve the best delivery experience, "said Fernando Benito, CEO and co-founder of Paack.

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