byrd Raises $56M in Series C Funding

byrd, Berlin, Germany e-commerce fulfillment technology startup, raised $56m in Series C funding.

TheThe round, which brought the funding raised in the past 10 months to $75m was led by Cambridge CapitalParticipation from Speedinvest, Mouro Capital, Elevator VenturesOther shareholders. InIn conjunction with the funding Matt Smalley, Principalat Cambridge CapitalJoining is the best way to get involved byrd’s BoardThis is Directors.

TheThe company plans to use the funds for its local teams to expand, new features to its offering and to continue its expansion efforts to launch. in Sweden, Denmark, PolandLater in the year

Founded in2016 by Alexander Leichter, Sebastian MachAnd Petra Dobrocka, byrdVirtual network that provides order fulfillment services for online retailers EuropeThrough its proprietary software platform. The software is used by warehouse partners and integrates with e-commerce platforms such as ShopifyOr Amazon. byrd already serves the UK, France, GermanyThe Netherlands, Austria, and has just launched new warehouse locations in ItalyAnd Spain.

Thie company’s growth will create a large connected and independent e-commerce fulfillment network in EuropeWith more than 30 warehouse locations located in 10 countries, European countries. ByThe end of 2022 byrdThe company expects to have 400 employees in total. EuropeThe UK has offices in Berlin, Vienna, London, Paris, BarcelonaAnd Milan.

TheCompany will also launch support Amazon’s Seller Fulfilled Primeprogram, allowing it access to the large market of AmazonSellers who are looking for an alternative FBA option. In addition, byrdThe company is expanding its B2B capabilities across all of its network. TheThe company will also invest in new integrations to additional shop systems, ERP system, and other order management software like XentralFor the GermanPrestaShop and market France.

FinSMEs

10/05/2022

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