Parcelly PUDO solution attracts $6.7m investment

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Established in 2014, Parcelly is a Pick-Up and Drop-Off (PUDO) solution, integrating retailers and carriers across all industries and of all sizes to a highly scalable and internationally growing platform of ‘logistics hubs’.

Parcelly operates a smartphone app which allows local businesses to activate underutilised storage space for ecommerce. Parcelly’s technology platform is powering the new reality of retail, bridging the gap between the online and offline worlds by converting physical space into either ecommerce storage or distribution hubs. The Parcelly solution is asset light, without the need for purpose-built infrastructure. Parcelly enables a broad range of fully customisable services, addressing consumers’ increasingly demanding delivery expectations, and driving customer satisfaction at the most expensive end of the supply chain: the final mile.

In collaboration with wholesale and symbol groups, including Booker Group (Tesco), Costcutter and Budgens, Parcelly’s network of over 3000 PUDO locations in more than 150 cities across the UK and US has a proven track record, processing millions of transactions.

Demonstrating the keen interest in the PUDO sector, Parcelly have now attracted a funding round of $6.7 million led by Scania Growth Capital. The funding will enable Parcelly’s strategic expansion in the U.S. and continental Europe and further accelerate its platform development.

Parcelly makes effective use of available space to offer the broad range of services online retailers and carriers need to meet consumer expectations, efficiency and sustainability goals.  We’re super excited and proud to be on this journey and to welcome Scania Growth Capital on board as investors

Sebastian Steinhauser, CEO and Founder, Parcelly

Parcelly are on an exciting journey to change the way local warehouses are sourced and managed, enabling efficient last mile delivery and making most efficient use of existing space and resources in relevant demand pockets. The offering suits most retail markets and segments, and supporting Parcelly in their continued growth with both investment and the industry experience from Scania is a very good strategic fit for the portfolio of Scania Growth Capital

Christian Zeuchner, Investment Manager, Scania Growth Capital



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