What is Parcel Perform?
Parcel Perform stands as a premier delivery experience platform, empowering modern e-commerce enterprises to craft distinctive end-to-end customer journeys and refine logistics operations. Through powerful data integrations, real-time parcel tracking, proactive delivery notifications, and comprehensive logistics performance reports, the company optimizes the entire delivery lifecycle. Furthermore, Parcel Perform is at the forefront of pioneering innovative machine learning and artificial intelligence use cases within e-commerce logistics, notably its advanced 'Date of Arrival' prediction engine. This data-first approach positions Parcel Perform as the partner of choice for leading brands, marketplaces, and carriers across a diverse range of global verticals.
How much funding has Parcel Perform raised?
Parcel Perform has raised a total of $21.1M across 2 funding rounds:
Angel/Seed
$1.1M
Series A
$20M
Angel/Seed (2018): $1.1M with participation from Wavemaker Partners
Series A (2021): $20M led by SoftBank Ventures Asia, Wavemaker Partners, Cambridge Capital, and Investible
Key Investors in Parcel Perform
Wavemaker Partners
Wavemaker Partners is a venture capital firm specializing in early-stage investments in Enterprise, Deep Tech, and Sustainability sectors across Southeast Asia. They focus on addressing regional challenges and driving positive social impact, having invested in over 200 companies since 2012.
SoftBank Ventures Asia
SoftBank Ventures Asia, the early-stage venture capital arm of SoftBank Group, focuses on ICT investments including AI, IoT, and smart robotics. They aim to support startups with strong global business potential by integrating them into the SoftBank ecosystem.
Cambridge Capital
Cambridge Capital is a private equity firm dedicated to investing in the supply chain sector, with a goal of building billion-dollar businesses. They provide deep domain expertise in transportation and logistics, industry insights, and access to a network of supply chain veterans.
What's next for Parcel Perform?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for Parcel Perform. This capital infusion is expected to accelerate the company's expansion into new markets, further enhance its AI and ML capabilities for logistics optimization, and solidify its position as a leader in the delivery experience platform sector. The company's focus on data-driven solutions and customer journey enhancement is well-aligned with the increasing demands of the global e-commerce market, suggesting a future of continued innovation and strategic partnerships.
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