everstox closes €20M Series A to disrupt ecommerce logistics in Europe
Munich, 25. November 2021 – Booming online retail – everstox offers high-growth merchants an easy to scale omni-channel logistics solution. The Munich-based team has closed a Series A financing round of € 20 million to expand its asset-light model further across Europe. Lead investor Acton Capital is joined by existing investors Capnamic, GFC, and Flash.
“In today’s agile ecommerce environment, successful merchants scale demand for their businesses in no time. However, scaling logistics and warehousing operations is the missing piece that is still highly complex and breaks all growth momentum. We are here to change that and bring a fully automated and flexible solution to all merchants.” says everstox’ co-founder Boris Bösch. He, Felix Haberland and Johannes Tress built with everstox a logistics-as-a-service (LaaS) platform, combining a network of professional 3rd party logistics operators with a tech platform for real-time management and monitoring. By doing so, everstox enables merchants to flexibly grow their warehousing and shipping operations, rely on proven operational excellence, and benefit from deep integrations into today’s eCommerce software stack.
Best of two worlds: scalable tech meets best-in-class logistics operators
everstox’ LaaS solution creates access to Tier 1 warehousing and shipping partners throughout Europe and empowers merchants to manage all distribution activities with one unified Cloud Software. “Instead of trying to replicate the operationally intense and highly complex work of logistics and warehousing experts, everstox selects the best players across Europe and connects them to fast growing eCommerce merchants, bringing both parties to a new tech level. Companies like FlixBus show that the asset-light combination of high-quality incumbents with a modern tech platform is the best approach to transform an industry,” says Julius Lühr, Principal at Acton Capital. “everstox is the tech update that digitizes traditional warehousing.”
Scaling with high-growth customers like Razor Group, YFood, and the nu company in Europe
With everstox’ platform, fast-growing companies can easily kick-off with one or multiple fulfillment hubs and expand into other European countries at ease. Customers include eCommerce rising stars such as Razor Group, YFood, the nu company, and many more. “There’s a wide range of professional physical infrastructure out there, but the missing dots are easy access and technology to manage and improve daily warehousing and shipping operations. Our LaaS solution simply delivers a compelling answer to that,” states Felix Haberland, CTO and Co-founder at everstox. By following an API-first approach, everstox has managed to quickly scale up to over 50 warehouse locations across Europe.
€20M to double down operations, triple staff and process 1 Mio. shipped products per day
With the fresh €20M investment, everstox will grow its team from 50 to 150 employees in 2022 and double down its operative network size across core markets in Europe. By investing in its software as well as onboarding new customers and fulfillment locations, everstox will soon be able to process one million shipped products per day via its network. “The future of logistics is fast, dynamic, and green – we want to contribute with our proprietary cloud technology and network,” says Johannes Tress, Managing Director and Co-Founder at everstox.
“Our vision is that in 2030 every third ecommerce order is routed to the right place, at the right time, by everstox.”
Johannes Tress, everstox
everstox was founded in 2019 by Boris Bösch, Felix Haberland and Johannes Tress in Munich. The logistics-as-a-service platform offers scalable and data-driven warehousing and fulfillment for eCommerce, B2B and Retail via a network of independent European logistics service providers. The software company is gradually building the first technology-driven and independent network of renowned warehouse logistics and fulfillment partners, and thus enabling transparent, efficient and eco-friendly logistics solutions across Europe. With everstox’ team of experts, merchants benefit from optimized processes, sound market knowledge and strategic advice. For merchants, this means a clear competitive advantage in sales.