A 20 million Series A fundraising round was completed by the logistics-as-a-service platform everstox in Munich, Germany.
Acton Capital served as the round’s lead investor, and Capnamic Ventures, GFC, and Flash participated as well.
The company plans to use the money to increase its staff to 150 people and further spread its platform throughout Europe.
Everstox is a Logistics-as-a-Service (LaaS) platform that offers scalable and data-driven storage and fulfilment for eCommerce, B2B, and Retail via a network of independent European logistics service providers, and is led by Boris Bösch, Felix Haberland, and Johannes Tress. The business is gradually expanding its technology-driven, independent network of reputable warehouse logistics and fulfilment partners, making it possible for businesses to expand their warehousing and shipping operations while also enabling transparent, effective, and environmentally friendly logistics solutions across Europe.