Logistics software company Paack received a 45 million investment from one of its partners and BBVA

Extra capital injection into accounts Package. This dedicated Catalan company Management of delivery of packages purchased ‘online’ received 45 million euros from one of his partners French fund Infravia GrowthAnd BBVA’s startup investment arm, BBVA Spark. This organization lent him 15 million euros.

According to the statement made by the bank, the company’s target is one of those on its radar. Generalitat of Catalonia The goal of faster growing ‘new ventures’ is to strengthen their position in the market and make investments. product innovation And Expand distribution coverage across Europe.

“We are very grateful to our team and have a lot to improve with the support of our investors, but we have a real opportunity to be a leader. European ‘e-commerce’ parcel market for sustainability and convenience“contextualizes CEO and co-founder of Paack, Fernando Benito.

In January last year, when the company raised 200 million euros from SoftBank and Infravia Capital Partners, among others, another of the founders assured that its intention was “to be the first company to guarantee 100% of its return.” zero emission deliveries Across Europe”, a goal repeated in this statement.

Transform traditional industry

“Paack will be the leader of Europe” sustainable e-commerce deliveries “We are pleased to continue supporting the company and its management team in this sense in the coming years.” Co-founder of Infravia Growth, Guillaume Santamaría. “Paack shows that it is possible to transform a traditional industry based on the use of technology and decarbonising the economy, a strategy that is fully aligned with BBVA’s strategy,” he says Manager of BBVA Spark, Roberto Albaladejo.

As this description reminds, this Catalan company Spain, France, Italy And Portugal; Its turnover in 2022 exceeded 100 million euros and it is in the process of trying to make its business profitable in all countries where it operates. So, for now, the company still does not make money from its activities.

Currently the company works with 150 international customers. Amazon, manzana, Inditex, AliExpress, Nike And nespresso. These companies pay to use Paack’s ‘software’, which, among other things, allows the end customer to choose the time slot in which to receive an order or check the status of the package.

Source: Informacion

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