What is Parcel Perform?
Parcel Perform operates as the leading delivery experience platform, empowering modern e-commerce enterprises to craft distinctive end-to-end customer journeys and refine their logistics operations. Through powerful data integrations, real-time parcel tracking, proactive delivery notifications, and comprehensive logistics performance reports, the company provides a critical service for online retailers. Furthermore, Parcel Perform is at the forefront of pioneering innovative machine learning and artificial intelligence use cases within e-commerce logistics, notably with its advanced 'Date of Arrival' prediction engine. This data-first approach has positioned Parcel Perform as the partner of choice for a global clientele of top brands, marketplaces, and carriers across diverse 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 Cambridge Capital, Investible, SoftBank Ventures Asia, and Wavemaker Partners
Key Investors in Parcel Perform
Cambridge Capital
Cambridge Capital is a leading private equity firm specializing in the supply chain sector, aiming to build billion-dollar businesses. They offer deep domain expertise in transportation and logistics, providing portfolio companies with unique market insights and proprietary resources.
SoftBank Ventures Asia
SoftBank Ventures Asia, the early-stage venture capital arm of SoftBank Group, focuses on ICT investments including AI and IoT. They support early to growth-stage startups with global market potential by integrating them into the SoftBank ecosystem.
Wavemaker Partners
Wavemaker Ventures is an early-stage venture capital firm in Southeast Asia investing in Enterprise, Deep Tech, and Sustainability startups. They empower innovative solutions addressing regional challenges and support founders with a seasoned perspective and extensive network.
What's next for Parcel Perform?
With the recent injection of major strategic investment, Parcel Perform is poised for accelerated growth and innovation. The company's focus on leveraging AI and ML for logistics optimization, coupled with its comprehensive delivery experience platform, positions it well to capitalize on the increasing demands of the e-commerce sector. Future endeavors are likely to involve further enhancement of its prediction engines, expansion into new geographic markets, and deepening its partnerships with key players in the supply chain and logistics ecosystem. The substantial backing from investors like Cambridge Capital, SoftBank Ventures Asia, and Wavemaker Partners signals strong confidence in Parcel Perform's business model and its capacity to scale effectively.
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