What is Paack?
Founded on the principle of making e-commerce deliveries simple and sustainable, Paack has established itself as a leader in the European scheduled delivery market. The company offers a comprehensive ecosystem of end-to-end logistics solutions, including warehouse management, fulfillment, and delivery applications, alongside retailer systems and checkout integrations. Headquartered in Spain, Paack has expanded its regional operations to the UK, France, and Portugal, driven by a commitment to customer excellence and advanced technology. The company's ambition is to provide the most convenient, speedy, and accurate delivery experience available to its clients.
How much funding has Paack raised?
Paack has raised a total of $348M across 5 funding rounds:
Series A
$6M
Series B
$20M
Series C
$53M
Series D
$225M
Debt
$44M
Series A (2018): $6M with participation from Bankinter, Castel Capital, FJ Labs, Big Sur Ventures, and Kibo Ventures
Series B (2019): $20M led by Bankinter, Unbound, Bonsai Partners, Castel Capital, RPS Ventures, Rider Global, and Kibo Ventures
Series C (2020): $53M supported by Bregal Milestone LLP, Rider Global, Unbound Inc, and RPS Ventures
Series D (2022): $225M featuring Unbound, Rider Global, SoftBank Group, Big Sur Ventures, Endeavor Global, First Bridge Ventures, InfraVia Capital Partners, Fuse Partners, Iñaki Berenguer, RPS Ventures, Castel Capital, and Kibo
Debt (2023): $44M, investors not publicly disclosed
Key Investors in Paack
Unbound
Unbound is a nonprofit organization dedicated to supporting families in poverty through sponsorship programs and community development initiatives, focusing on empowering individuals and fostering change.
Rider Global
Rider Global is an early-stage investor with deep knowledge in mobility and capital markets, known for its entrepreneurial and pragmatic approach to supporting companies in their growth journey.
SoftBank Group
SoftBank Group Corp. is a global technology holding company driving innovation across various sectors, including telecommunications, AI, and smart robotics, through strategic investments and its Vision Fund.
What's next for Paack?
With a substantial total funding amount of $348M and a recent strategic investment, Paack is well-positioned for its next phase of growth. The company's focus on technological advancement and operational efficiency, particularly in sustainable e-commerce logistics, suggests a strategic expansion into new European markets or an enhancement of its existing service offerings. The enterprise-level backing indicates a move towards scaling operations significantly, potentially through acquisitions or further technological development to maintain its competitive edge in the rapidly evolving logistics landscape.
See full Paack company page
