Parcelly secures £5.1m Series A funding led by Scania Growth Capital to fuel international expansion and platform development.
Scania Growth Capital led the Series A round to support strategic expansion into the US and Europe.
Parcelly operates a carrier agnostic logistics technology platform that connects retailers and carriers with underutilised real estate to resolve urban delivery challenges. The company provides a scalable Pick-Up and Drop-Off solution alongside hyper-local warehousing and returns consolidation services.
Parcelly has secured £5.1m in Series A funding led by Scania Growth Capital, with participation from existing backers including Publicis Group, Bright Link Ventures and Beril AG. The capital will be deployed to support international expansion across the UK, United States and continental Europe, triple the firm headcount within six months and further develop its platform technology.
The London-based logistics platform has experienced rapid growth, driven by increasing demand for its hyper-local warehousing and PUDO network services. The fresh financing will allow the company to scale its operations and meet evolving urban delivery expectations for major retail and carrier partners.
From the founder
"I formulated the idea for Parcelly because I was dissatisfied with the last-mile delivery experience when placing an order online and it became my mission to change that. What started as a B2C centric consumer app back in 2014 has evolved into the highly scalable B2B technology platform Parcelly is today. We make effective use of available space to offer the broad range of services online retailers and carriers need to meet consumer expectations, efficiency and sustainability goals."
Sebastian Steinhauser
CEO and Founder at Parcelly
Investor perspective
"Parcelly are on an exciting journey to change the way local warehouses are sourced and managed, enabling efficient last mile delivery and making most efficient use of existing space and resources in relevant demand pockets. The offering suits most retail markets and segments, and supporting Parcelly in their continued growth with both investment and the industry experience from Scania is a very good strategic fit for the portfolio of Scania Growth Capital."
Christian Zeuchner
Partner at East Hill Equity, Investment Manager for Scania Growth Capital, Scania Growth Capital
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development