Parcel Perform receives $20 million

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

Founded by Berliners, but first 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. Now, Parcel Perform has raised $20 million in a Series A funding round. The round is led by American investor Cambridge Capital, with SoftBank Ventures Asia and existing investors such as Wavemaker Partners and Investible also participating.

The startup has concrete plans with the funding: it plans to expand its team from 100 to 150 employees and continue its expansion. Parcel Perform is planning a regional headquarters in North America. The team plans to further develop and scale the company's 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, and its managing partner Benjamin Gordon says of the investment, "After evaluating many companies around the world, we believe Parcel Perform offers the best solution for visibility and customer:inside experience." He continues, "Arne and Dana reflect what we are looking for: Outstanding Founder:s with expertise in the supply chain industry and a focus on building profitable growth over 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.