The Spanish Pack has announced the closure of a Series D of 200 million euros leadered by soft bank. Infravia Capital Partners (), First Bridge Ventures (France) and Endeavor Catalyst (United States), in addition to some of its pre-existing partners, have also participated in the round. The destination of this injection of resources will be to strengthen its presence at an international level and improve in areas that are considered key, such as sustainability.
As explained Fernando Benitoits CEO, “We still have many things to improve, but we have a real opportunity to lead, in the short term, the European e-commerce parcel market in terms of sustainability and convenience.” . “We want to be the first company to guarantee 100% zero-emission deliveries throughout Europe”explained Xavier RosalesCo-founder and Managing Director of Southern Europe.
What is Pack
The company was founded in Dubai by three Spanish entrepreneurs (Fernando Benito, Xavier Rosales and Suraj Shirvankar) and landed in Spain in 2015 by signing an important . Paack was key to being able to offer this service.
Paack offers one of the most advanced technological platforms on the continent in the field of scheduled deliveries. with operations in Spain, France and Portugal, Paack is one of the fastest growing technology companies in Spain and has an annual growth of more than 3 times year on year.
“Paack was founded on the belief that eCommerce deliveries should be simple and sustainable. Since its inception 5 years ago, Paack’s ambition, driven by a deep passion for customer excellence, has been to provide its customers with the most convenient, fastest and most accurate delivery experience possible.
Paack set out to offer a high value-added offer based on its own technology, and today it enjoys the leading position in the European market for scheduled deliveries. Paack provides its customers with a complete end-to-end product and operations ecosystem, offering warehouse management, fulfillment and delivery applications, as well as retailer-specific systems and payment integrations.” the company explained.
with a team of 530 employeesPaack currently delivers several million orders per month from 150 international customers, with an operational network in more than 100 cities facilitated by more than 3,000 professional couriers.
With Paack, companies can offer their users the possibility of selecting the time slot that most interests them according to their convenience, offering flexibility and reducing waiting times. The delivery options offered are diverse and can be for the same day or for the next day. In addition, the customer can monitoring of your order and the delivery person in real time. Once received, the customer will be able to assess the delivery experience once the order is completed.
After the good initial experience with The English Court, the company has worked with companies such as Decathlon, Vodafone, Nespresso or MediaMarkt.
The precedent of 2020
In November 2020, Bregal Milestone led a Series C round of 53 million dollars (about 44.6 million euros), the largest investment round for a startup in Spain that year. Also participating in the round were current investors Unbound, RPS Ventures, Rider Global and Fuse Ventures. pack announced that it would allocate this investment to accelerate expansion in Spain and Europe.
Paack then explained in a statement that he intended to strengthen his position investing in operational efficiency and product innovation, expanding its delivery coverage and developing its software platform. The management team had been strengthened by the hiring of former CTO and co-founder of Google Cloud EMEA, Olivier Colinett as CTPO.
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