Packhelp raises €40 million in Series B funding led by Infravia Growth

Packhelp, a Warsawa, Poland-based operator of a B2B packaging marketplace, announced closing a €40 million ($46 million) series B funding round.

The money was raised from investors led by Paris-based B2B tech fund Infravia Growth with the support of PortfoLion, FJ Labs and the European Investment Bank. Previous investors Speedinvest, ProFounders, Market One Capital, Inovo, White Star Capital and business angels also joined.

Packhelp, founded in 205 by Arkadiusz Wasilonek, Konrad Kwiatkowski, Maciej Woźniczko, Maciej Zając, Patryk Kabaj and Wojtek Sadowski, developed two software products, Packhelp Studio and Packhelp Plus, which make it easier for companies of all sizes to create bespoke packaging and collaborate with an international network of packaging suppliers. The company says it worked with over 50,000 customers in over 30 countries, including H&M, Uber Eats, Hims, or Copenhagen Grooming.

Packhelp has  previously raised roughly €12 million.