Warehousing1 completes series A and raises more than 10 million euros
Warehousing1, the Berlin-based logistics startup for efficient e-commerce fulfilment, has secured more than 10 million euros in funding following its series A financing round.
The startup, founded in 2018, adds three new investors: Schenker Ventures from Essen, Germany, Aster Capital from Paris and Wille Finance from Zurich. In addition, existing investors HV Capital from Munich and Base10 Partners from San Francisco are further increasing their investment.
Warehousing1 offers fast-growing e-commerce brands end-to-end fulfilment services through its extensive partner network with locations in Germany, Europe and the US. Warehousing1 wants to double its headcount to more than 100 people to support its ambitious growth targets. By the end of 2022, the startup aims to more than triple its eight-figure revenue. With the new capital, the company intends to invest heavily in its technology and product to further drive its medium-term goal of building a largely SaaS-based business model and becoming a market leader in offering best-in-class digitally managed fulfilment solutions to e-commerce companies.
Strong investors support the company’s development
Since our founding, we have wanted to work with investors who support our development with their expertise, instead of just handing us money. With Aster Capital, Wille Finance and Schenker Ventures as strategic investors, we have gained exactly such partners.
explains Nils Aschmann, co-founder and CEO of Warehousing1.
Warehousing1 is already creating real added value for hundreds of active customers in the booming e-commerce segment. In the future, we want to digitalize the fulfilment experience for many more brands and thus help them satisfy their customers with first-class logistics processes in the long term.
Warehousing1 is the first venture capital investment for Schenker Ventures, the investment arm launched by DB Schenker, a leading global logistics service provider, in 2021. As an active investor – and with the parent company’s strong network – Schenker Ventures will support the development of the startup with its expertise.
We want to increase the innovative strength of the logistics industry as a whole. Therefore, our venture capital activities focus on startups that we can support not only financially but also with know-how and network. The Warehousing1 team has more than convinced us and we are very much looking forward to working together.
comments Patric Hoffmann, Head of Schenker Ventures.
Helping the booming e-commerce sector grow further
Warehousing1 has set out to support e-commerce companies in their long-term growth with scalable fulfilment. The startup offers everything from warehousing and order picking to various value-added services via its decentralized international partner network.
Under the leadership of the new CTPO Leandro Loiacono, previously Group CTO of the French flagship startup Sendinblue, Warehousing1 continues to develop its product portfolio from a tech perspective. Among other things, Warehousing1 enables integrations of various shop systems with warehouse management systems. In doing so, the company is digitalizing the management of the entire fulfilment process, even for systems and system combinations where the options for digital control were previously limited.
