everstox raises €3M growth funding for its logistics platform

Press release

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Capnamic Ventures and Global Founders Capital invest in everstox to enable expansion and further development.

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Munich, October 21, 2020– The Munich tech start-up everstox, developer of the Logistics-as-a-Service solution of the same name, has received three million euros in growth financing. The platform offers merchants flexible access to qualified warehousing and fulfillment services, as well as the control and automation of logistics processes using the everstox cloud technology. The tech platform got off to a successful start in the high phase of the nationwide lockdown. Since then, everstox has steadily expanded its network of independent warehouse logistics partners and processed thousands of orders from e-commerce consumers and German retailers such as EDEKA, REWE and Rossmann, for brands like YFood, vly or mybacs. In addition to existing investor Flash Ventures, early-stage investors Capnamic Ventures and Global Founders Capital (GFC) are now supporting the company’s further expansion.

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With the successfully completed growth financing, the Munich tech start-up is now driving the expansion of the team, working on the further development of its tech platform and expanding its network of independent warehouse logistics partners. Via the everstox network, merchants can build a Europe-wide, scalable and flexible logistics and distribution set-up, and launch their products across different markets and channels independently of individual providers. However, everstox is much more than a mere marketplace for qualified warehousing partners: the API-driven platform solution can be easily connected to shop, ERP and marketplace systems and enables the optimization and automation of operational warehousing, fulfillment and shipping processes thanks to the in-house developed cloud technology and smart logistics features. Overall, the software reduces logistics cost and ensures time savings in the day-to-day business of merchants from the B2B, B2C and D2C sector. What’s more, platform users experience efficient inventory management, shorter delivery times and the highest delivery quality.

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“With the closed growth financing, we can continue to pursue our vision of modern, sustainable logistics. Many traditional solutions that deliver individual products directly across Germany or Europe are not only inefficient, but also have a negative impact on the environment. One of our main goals is therefore to drastically shorten transport routes of individual last-mile deliveries and returns through decentralized warehousing. We make this possible with our flexible, technology-driven logistics platform and our software’s ability to select the right warehouse logistics partner for each merchant and product order in terms of location, product focus and service level.” explain Boris Bösch and Johannes Tress, Managing Directors and Co-Founders of everstox.

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Felix Haberland, Chief Technology Officer and Co-Founder, adds: “Our goal here in Munich is to build the leading tech company for transparency and automation in the warehousing and fulfillment market. We are working intensively on the further development of our Logistics-as-a-Service technology and are very pleased that we have now also been able to convince Capnamic Ventures and GFC of our innovative solution. Together with Flash Ventures, the two investors laid the cornerstone that we can now invest and scale in order to develop our business into a leading warehouse logistics platform in Europe.”

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“We see everstox in an excellent position to decisively shape the fast-growing logistics market and to become the market leader in the field of Logistics-as-a-Service. everstox brings the outdated and inflexible warehousing technology of today into the digital world of e-commerce. The everstox team makes a strong contribution to ensuring that its customers are among the winners in the increasingly complex logistics market. As the lead investor in the three million euro financing round, we will support the Munich start-up with expertise from our Software-as-a-Service investments and can provide access to SaaS success stories such as LeanIX, Staffbase or Userlane“, says Christian Knott, Partner at Capnamic Ventures.

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The European logistics market for online and offline distribution is growing steadily. But the challenges for merchants and logistics partners are also increasing, because consumers expect fast deliveries at low prices. In addition, rapidly changing trends and product categories create increasing complexity and capacity problems in logistics, which often lack the necessary flexibility to follow the market dynamics. This is where everstox fills a gap in the market with the two-sided platform solution: merchants and logistics providers benefit on the one hand from automated, optimized warehouse and logistics processes and from digital tools for day-to-day operations. On the other hand, the platform offers e-commerce, wholesalers and retailers scalable access to a broad European network of renowned, independent logistics partners.

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About Capnamic Ventures

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Capnamic Ventures, based in Cologne and Berlin, is one of Europe’s leading early-stage venture capital investors. The VC’s investment focus is on technology startups with B2B business models in German-speaking countries. In addition, Capnamic invests with international co-investors. All portfolio companies are supported by Capnamic’s global industry and expert network and the extensive expertise of the team. The Capnamic team consists of experienced investment professionals who can look back on over 80 investments, numerous trade sales and IPOs as well as their own entrepreneurial experience. The team works side by side with the portfolio companies to create the basis for a strong market position and lasting success. Capnamic is led by Jörg Binnenbrücker, Olaf Jacobi and Christian Siegele as Managing Partners.

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More information about Capnamic Ventures is available at: www.capnamic.com

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About Global Founders Capital

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Founders drive incredible opportunities in the world, and we are their greatest advocates. That’s because our team has built multi-billion dollar technology businesses from scratch and has thrived through all the twists and turns of entrepreneurship along with it. Over the past two decades, we have backed over five hundred entrepreneurs worldwide. Facebook, LinkedIn, Slack, Eventbrite, Canva, Away Travel, HomeAway, Zalando, Revolut, Funding Circle, Lazada, Traveloka, Trivago, Jumia, HelloFresh, and Delivery Hero represent a few of our global successes. Global Founders Capitalinvests out of eleven offices worldwide.

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More information about GFC is available at: www.globalfounderscapital.com

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About Flash Ventures

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Flash Ventures is a pre-seed fund in Berlin and London that provides young companies with the first financing so that they can realize their growth aspirations. The portfolio includes investments in Germany, Spain, Australia, Singapore and Indonesia.

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More information about Flash Ventures is available at www.fl4sh.vc.