Cologne – Munich-based logistics start-up ParcelLab has completed a Series C round of financing that raised a total of USD 112 million. Dutch-German venture capital investor Endeit Capital was joined in this round by other investors, including Insight Partners, coparion and Capnamic Ventures.
A CMS team comprising lead partner Dr Malte Bruhns and Philipp Kunick advised Endeit Capital on all legal aspects of the transaction. Endeit Capital is a longstanding CMS client. The team headed by Malte Bruhns also advised Endeit on previous investments, such as in Chronext in 2018 and in gridscale and Comtravo in 2019.
Endeit Capital is a European venture capital investor with offices in Hamburg and Amsterdam. Founded in 2006, it has invested in over 30 Internet scale-ups to date. The investor recently launched its third fund with total capital of EUR 250 million. It focuses on European “Connected Consumer” companies with business models in digital media & marketing, edtech, e-commerce and enterprise services.
Established in 2015, Munich-based firm ParcelLab has international branches in London, Paris and New York. With over 120 employees, it operates a leading Operations Experience Management platform for more than 150 carriers worldwide, including DHL, FedEx and DPD. The platform automatically transforms data created at different points in the shipping process into personalised branded messages.
Dr Malte Bruhns, Lead Partner, Cologne
Philipp Kunick, Senior Associate, Cologne, both Corporate/M&A