parcelLab in a $112 million series C backed by Insight Partners, Endeit Capital et al

parcelLab, a Munich, Germany-based logistics operator, announced the completion of a $112 million series C funding round.

The money was raised from investors led by the American late stage investors from Insight Ventures Partners, joined by Endeit Capital and existing shareholders Capnamic and coparion.

parcelLab, founded in 2015 by Tobias Buxhoidt (CEO), Julian Krenge and Anton Eder, developed a final-mile fulfillment service for online retailers as it virtually monitors the dispatch of goods, especially for online shops. It works with customers including Lidl, Ikea and Farfetch, managing and optimizing the end-to-end experience of e-commerce delivery from goods dispatching to reception.