• Demand for air cargo up 8.2 percent y/y in October

    Air freight demand, measured in freight tonne kilometers (FTKs), rose 8.2 percent year-on-year in October, according to data released by The International Air Transport Association (IATA).

  • Another record breaking year for Budapest Airport as cargo volume exceeds 100,000 tonnes

    Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.

  • LATAM Airlines to launch its longest non-stop flight ever between Santiago and Melbourne, Australia

    Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.

  • India gives a strong start to IAG’s performance in the peak season

    IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.

  • IAG Cargo launches new Paris to New York route through OpenSkies

    IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Showing posts with label Wavemaker Partners. Show all posts
Showing posts with label Wavemaker Partners. Show all posts

Friday, August 13, 2021

Parcel Perform secures US$20M investment led by Cambridge Capital

  8:25:00 PM   , , , ,   No comments   Edit

 Parcel Perform secures US$20M investment led by Cambridge Capital


Parcel Perform, the leading cloud-based delivery experience platform for e-commerce businesses worldwide, announced 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 percent. With over 100 employees across Asia-Pacific and Europe, the new funding will also enable the company to establish a regional headquarters in North America and grow to 150 employees globally by the end of the year.

“With e-commerce becoming the primary retail channel, the need for merchants to provide an excellent post-purchase experience has become business critical. Parcel Perform is uniquely positioned to capitalize on this opportunity with its enterprise-grade solutions and its globally standardised logistics data integrations. We are thrilled that our investors recognise our ability to build a sustainable and profitable business by serving some of the most sophisticated enterprise customers worldwide to help them boost their customer satisfaction online,” said Dr. Arne Jeroschewski, CEO and co-founder of Parcel Perform. 

Benjamin Gordon, Managing Partner of Cambridge Capital points out, “Cambridge Capital focuses exclusively on global logistics and supply chain technology. We are excited to choose to invest in Parcel Perform, and to partner with Arne and Dana as the lead investor in this Series A financing. Visibility is a vital market in this age of e-commerce. After evaluating many companies worldwide, we believe that Parcel Perform simply offers the best visibility and experience solution. They have built a unique value proposition for brands, marketplaces and carriers, with the most complete solution for end-to-end shipment tracking. Arne and Dana reflect what we look for: outstanding founders, with supply chain industry expertise, and a focus on building profitable growth for the long term.”


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