everstox closes €20M Series A to disrupt eCom logistics

Press release

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Our Logistics-as-a-Service expansion announcement in brief:

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• Booming Online Retail:eCommerce merchants need to rapidly scale omni-channel logistics operations while maintaining
  an Amazon-like customer experience
• Best of two Worlds:everstox combines a network of high-quality 3rd party logistics operators (50 warehouses in 7 countries)
  with a scalable tech platform
• Multi-warehousing in the Cloud:everstox enables merchants to seamlessly manage various independent warehouses and shipping providers
  moving products closer to consumers and B2B customers to save time, costs and transport routes
• Growth Plans:€20M to double down operations in major European markets, triple staff and process 1 Mio. shipped products / day
  via the everstox logistics network

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Munich, 25. November 2021 - “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 Boris Bösch. He, Felix Haberland and Johannes Tress have developed everstox, a Logistics-as-a-Service (LaaS) platform.

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The everstox solution combines 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 B2C or B2B shipping operations, rely on proven operational excellence, and benefit from deep integrations into today’s eCommerce software stack.

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The Munich-based tech company has now received Series A financing of € 20 million to expand its asset-light LaaS solution across Europe. Lead investor Acton Capital is joined by existing investors Capnamic Ventures, GFC, and Flash.

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everstox’ success formula:
Tech meets best-in-class logistics services

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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.

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“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”.

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High-Growth SMEs like Razor Group, YFood, and the nu company
expand throughout Europe with everstox

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With everstox, 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.

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“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.

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By following an API-first approach, everstox has managed to quickly scale up to over 50 warehouse locations across Europe.

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€20M to double down operations in core Markets, triple Staff and process 1 Mio. shipped products/day via the everstox network

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With the fresh €20M investment, everstox will grow its team from 50 to 150 employees next year and double down its operative network size across Europe. By investing in its software as well as onboarding new customers and fulfillment locations, everstox will soon be able to process 1 Million shipped products per day via its network.

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“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.

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“Our vision is that in 2030 every third eCommerce order is routed to the right place, at the right time, by everstox.”