Eight Roads leads $12.6m series-C for Packlink

Existing backers Accel Partners and Active Venture Partners also took part in the round, bringing the total amount raised by the company to $24.9m.

The fresh capital will enable Packlink to invest in international expansion and marketing activity.

The deal marks Eight Roads' second investment in the online delivery market in quick succession. Earlier in September it took part in a €10m round for Belgian food delivery startup Take Eat Easy.

Previous funding
Active Venture Partners invested €1.5m in Packlink in April 2013, with capital drawn from its Amerigo Innvierte Spain Ventures fund. The following year, the investor joined a $9m Accel-led series-B round for the company.

Company
Founded in 2012 and headquartered in Madrid, Packlink is a parcel delivery platform with operations in Spain, Germany, France and Italy. The business, which links e-commerce customers with existing delivery companies, has partnerships with parcel delivery companies including UPS, TNT and DHL.

People
Davor Hebel is a partner at Eight Roads. Michiel Kotting is a partner at Accel and currently has a seat on the board at Packlink. Ricard Söderberg is a founding partner at Active Venture. Ben Askew-Renaut is the founder and CEO of Packlink.

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• Topics
• Expansion
• Southern Europe
• Technology
• Spain
• Accel Ventures