Friday, March 29

Paack closes a round of 200 million that introduces Softbank in its capital


Entered into most pools as one of the next ‘unicorn’ companies in Catalonia, Paack It has just closed an operation that at least brings it closer to that goal. This Barcelona-based start-up has raised 200 million euros through an investment round led by the Japanese giant SoftBank. The agreement also involves French firms Infravia Capital Partners Y First Bridge Ventures already the american Catalyst, in addition to different partners who were already in their capital.

The company, which aspires to invoice 200 million euros this year, is dedicated to developing ‘software’ for the delivery of electronic commerce parcels. With a staff of 530 employees, the start-up claims that approximately 150 customers around the world move several million orders per month with its solution. In this sense, his idea is to allocate part of the money raised in this round to expand further throughout Europe. In addition to Spain, Paack has offices in London Y Paris and operates in almost 100 European cities, where the objective becomes to make your business profitable, an achievement that has already been achieved here.

In parallel, the Catalan start-up will also work to innovate and operate in the most sustainable way possible. “We want to be the first company to guarantee 100% zero-emission deliveries throughout Europe,” says the company’s co-founder and CEO for Southern Europe, in a statement. Xavier Rosales.

leading projection

“The e-commerce sector is constantly growing and ‘same-day’ deliveries [el mismo día] are increasingly requested by consumers, so we believe that Paack has the perfect conditions to become a category leader in terms of technology and commitment to sustainability”, reasons the director at Softbank Investment Advisers, Max Ohrstrand. This executive also assures that he sees this company as the “only operator capable of offering personalized delivery solutions on a scale in Europe”.

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“We still have many things to improve, but we have a real opportunity to lead, in the short term, the European e-commerce parcel market in terms of sustainability and convenience”, agrees the CEO and co-founder of Paack, Fernando Benito.

This is also the second mega-round that a Barcelona-based start-up has closed so far this year. Thus, this operation puts the finishing touch to a month marked by the acquisition of Glovo, The incorporation of TravelPerk to the panel of ‘unicorns’ (tech companies valued at more than a billion dollars) and the growth in market value of Wallbox.



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