Spanish Package Delivery And Courier Firm Paack Closes A 'More Than €40 Million' Funding Round

Jul 28, 2023•about 2 years ago

Amount Raised

€40 Million

BarcelonaSoftware

Investors

SoftbankInfravía Capital

Description

It has been reported that Spanish package delivery and courier firm, Paack, has completed a funding round of more than €40 million - it is suggested the funding is almost an even split of capital and debt funding. Reporting the news La Información said that Infravía Capital had ‘significant weight in the transaction’ – it was previously involved in a round which Softbank led

Company Information

Company

Paack

Location

Barcelona, Catalonia, Spain

About

Paack offers last-mile and mid-mile deliveries for e-commerce and retailers, providing scheduled same-day and next-day deliveries with a flexible choice of customer-tailored time slots. We currently operate in Spain, France, Portugal and Italy offering coverage in over 100 European cities. Our vision is to lead sustainable e-commerce deliveries in Europe. For this reason, our strategy is focused on reducing our carbon footprint and contributing in a friendly way to the environment, making steps toward our commitment to achieve carbon net-zero by 2030. Our mission is to achieve the best sustainable delivery experience. Therefore, our technological solutions are increasingly focused on customer convenience, making it possible to optimize processes and ensure service scalability. In addition, Paack also has the Paack Food division aimed at supermarkets, restaurants, producers, and companies that require temperature-controlled food transportation with sustainable scheduled delivery.

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