Bregal leads $53m series-C for Paack

Previous investors Unbound, RPS Ventures, Rider Global and Fuse Ventures also took part in the round.

Paack intends to use the fresh capital to accelerate its expansion across Spain and the rest of Europe. The company plans to reinforce its market position by investing in operational efficiency and product innovation, expanding its delivery coverage and further developing its software platform. 

Following the deal, Bregal managing partner Jan Bruennler and Rob Hetherington, head of Milestone performance partners (Bregal's in-house portfolio value creation team), have joined the company's board.

This is the eighth investment made by Bregal Milestone's €495m fund and the first transaction in Spain. The vehicle provides growth capital and strategic assistance to support companies operating in the technology and technology-enabled services sectors.

Bregal Milestone is part of Bregal Investments, which has invested more than €15bn to date.

Previous funding
Following a small pre-seed round in 2015 and two seed investments in 2016 and 2017, Paack raised a $6m series-A round led by Kibo Ventures in June 2018.

Subsequently, the company raised a $20m series-B round from Unbound in July 2019. Kibo, RPS Ventures, Rider Global and Fuse Ventures also participated in the investment.

Company
Founded in 2015 and based in Barcelona, Paack provides scheduled, next-day and same-day delivery across Spain, the UK, France and Portugal.

Paack has an operational network across 60 cities, working with 3,000 delivery partners.

Its client base is composed of around 100 companies, including 11 large e-commerce retailers in Spain.

People
Bregal Milestone – Jan Bruennler (managing partner).
Paack – Fernando Benito (CEO, co-founder).

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

• Topics
• Expansion
• Southern Europe
• Industrials
• Technology
• Venture
• Bregal Investments
• Spain