byrd Raises $56M in Series C Funding

byrd

byrd, a Berlin, Germany e-commerce fulfillment technology startup, raised $56m in Series C funding.

Cambridge Capital led the round with Speedinvest, Mouro Capital and Elevator Ventures joining the ranks. In conjunction with the funding, Matt Smalley, a Principal at Cambridge Capital, is joining byrd’s Board of Directors.

The company intends use the funds to build its local teams, add new features and continue its expansion plans to launch in Sweden and Denmark later this year.

Petra Dobrocka and Sebastian Mach founded byrd in 2016. They operate a virtual network to offer order fulfillment services for online retailers throughout Europe through their proprietary software platform. The software is used by warehouse partners and integrates with e-commerce platforms such as Shopify or Amazon. byrd already serves the UK, France, Germany, the Netherlands, and Austria, and has recently launched new warehouse locations in Italy and Spain.

Thie company’s growth will create a large connected and independent e-commerce fulfillment network in Europe, with over 30 warehouse locations across 10 European countries. By 2022, the company expects to have 400 employees across Europe and the UK. They will have offices in Berlin, Vienna and London as well as Paris, Barcelona, Barcelona, Milan and Paris.

The company will also launch support for Amazon’s Seller Fulfilled Prime programme, allowing it to tap into the large market of Amazon sellers who are looking for an alternative to FBA. byrd is also expanding its B2B capabilities across its entire network. Company resources will be invested in new integrations to additional shop systems, ERP system and order management software like PrestaShop France for France, and Xentral Germany.

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