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Fulfillment startup Warehousing1 has raised more than 10 million euros in seed capital. The logistics company wants to use the money to double its employees. In addition, the Berlin-based business will further develop their fulfillment service.
Logistics startup Warehousing1 offers fulfillment services like warehousing, order picking and shipping. To do this, the company has partnerships with hundreds of warehouse locations in Eastern and Southern Europe. But more importantly, sellers can integrate their ecommerce software with warehouse management systems on their all-in-one platform.
More than 100 employees
Warehousing1, which was founded in 2018, has now raised over 10 million euros in seed capital. In addition to existing investors like HV Capital, three new investors have joined: Schenker Ventures, Aster Capital and Wille Finance.
The platform supports all common ERP systems, ecommerce solutions and marketplaces.
The German company will use the money, first of all, to double their number of employees to more than 100 people. Warehousing1 also aims to heavily invest in its integration software. According to the startup, its platform currently supports all common ERP systems, ecommerce solutions and marketplaces. Clients also get access to a cloud-based platform offering a comprehensive data overview.
Triple revenue by end of 2022
Furthermore, the startup has the ambition to more than triple its eight-figure revenue by the end of 2022. By doing so, Warehousing1 wants to work towards the goal of ‘becoming a market leader for offering best-in-class digitally managed fulfillment solutions to e-commerce companies’, according to its press release.
Warehousing1 serves over 400 customers from more than 850 partner locations in Europe.
Currently, Warehousing1 serves over 400 customers from more than 850 partner locations in Europe. Among their customers are, for instance, Birkenstock, Lidl and Samsung.
‘We want to digitalize the fulfillment experience’
Co-founder and CEO Nils Aschmann feedback: “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 fulfillment experience for many more brands and thus help them satisfy their customers with first-class logistics processes in the long term.”
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