TIIN leads €5m series-A for shipping app SendCloud

TIIN led the funding round alongside Dutch venture capital firm henQ, which currently manages its third €50m henQ III fund, and existing investor Brabant Development Agency (BOM). TIIN injected capital via its TIIN TecFund 3 vehicle.

The e-commerce shipping app aims to use the fresh capital to bolster product development and its presence across the European market.

Previous funding
SendCloud received a first €665,000 seed investment from Startupbootcamp in 2014 and a second seed financing round from Sanoma Ventures and other angel investors in January 2015.

In February 2016, TIIN led a €2m seed round for the business alongside BOM.

Company
Founded in 2012 and headquartered in Eindhoven, SendCloud operates in the Netherlands, Belgium and Germany.
The company offers cloud-based shipping software, which enables online stores to operate cost- and time-efficient shipping across national borders. The business claims to reach 1,500 online retail clients with its platform and employs 55 people.

People
SendCloud – Rob van den Heuvel (CEO).
TIIN Capital – Richard Tieleman (investment manager).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Technology
• Benelux
• Venture
• Netherlands
• The Informal Investors Network (TIIN)
• Internet