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Delivery Experience Saas Leader Parcel Perform Secures Us$20M Series A Investment Led By Cambridge Capital With Participation From Softbank Ventures Asia

Aug 11, 2021•almost 4 years ago

Amount Raised

$20 Million

Round Type

series a

Description

Parcel Perform, the leading cloud-based delivery experience platform for e-commerce businesses worldwide, announced today that it has successfully secured US$20M in Series A investments led by Cambridge Capital, with new investor SoftBank Ventures Asia joining the round alongside existing investors including Wavemaker Partners and Investible. The company currently manages over 100 million parcel tracking updates daily, providing real-time visibility of tracking data and helping businesses to increase customer lifetime value by up to 40%. Already profitable, Parcel Perform continues to see stellar growth, with revenue growing by 5x since the onset of the COVID-19 pandemic.

Company Information

Company

Parcel Perform

About

Parcel Perform is the leading delivery experience platform. It enables modern e-commerce enterprises to create unique end-to-end customer journeys and optimize logistics operations with powerful data integrations, parcel tracking, delivery notifications and logistics performance reports in real-time. Parcel Perform's scalable SaaS platform executes more than 100M parcel updates daily and integrates with 700+ carriers. The data-first company is pioneering innovative ML / AI use cases in e-commerce logistics including its 'Date of Arrival' prediction engine. Parcel Perform is the partner of choice for top brands, marketplaces and carriers across all major verticals globally. For more information, please visit https://parcelperform.com/.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech