Parcel Perform receives 20 million US dollars

The logistics start-up Parcel Perform wants to offer its tracking solutions in North America in the future. It has now secured funding to do so.

Founded by Berliners, but initially based in Singapore, the logistics start-up Parcel Perform has also been active on the German market since 2019 and has its second location in Berlin. Parcel Perform has now raised 20 million US dollars in a Series A financing round. The round was led by American investor Cambridge Capital and also included SoftBank Ventures Asia and existing investors such as Wavemaker Partners and Investible.

The start-up has concrete plans with the funding: the team is to be expanded from 100 to 150 employees and the expansion is to be driven forward. Parcel Perform is planning a regional headquarters in North America. The team plans to further develop and scale its proprietary "Date of Arrival" tool, which predicts the arrival date of shipments.

Investor Cambridge Capital focuses exclusively on companies in the logistics and supply chain industry, its Managing Partner Benjamin Gordon says about the investment: "After evaluating many companies worldwide, we are convinced that Parcel Perform offers the best solution for visibility and customer experience." He continues: "Arne and Dana reflect what we are looking for: Outstanding founders with expertise in the supply chain industry and a focus on building profitable growth for the long term."

Arne Jeroschewski and Dana von der Heide are the brains behind Parcel Perform. The start-up has developed tracking solutions for e-commerce companies and enables seamless parcel tracking in real time. Customers include Nespresso, Idealo and Expondo. According to the start-up, Parcel Perform serves 700 logistics providers worldwide.