#Redacted 35m series ten ventures full#

We are excited to be working with an organization as passionate about creating value for small businesses as we are.” “Our Series C funding will help us to continue to reshape package delivery for small businesses in the U.S. “As we gear up for further growth in the United States, AP Ventures brings valuable experience in international expansion with Afterpay as the number one buy-now-pay-later service in the U.S.,” said James Chin Moody, CEO and co-founder of Sendle. As part of its investment, Chief Executive Officer Hein Vogel will join the Sendle board.

It has a particular focus in retail innovation, consumer, finance and data, with a preference for businesses that are or can expand globally. For small sellers, it's a critical part of being able to compete on a level playing field,” said Hein Vogel, CEO of AP Ventures.ĪP Ventures, backed by Afterpay as the largest shareholder, invests in high-growth, scalable companies with proven revenue models. As ever-more people shop and sell online, small business shipping will only grow in importance.

“Package delivery is the backbone of today’s eCommerce ecosystem. by providing value and opportunity for small businesses and early stage startups, no matter how much volume they ship. Sendle has ambitious plans to reshape package delivery in the U.S. Due to the surge in orders and deliveries, traditional carriers like UPS and FedEx have continually increased rates, squeezing small businesses unable to meet minimums where cost benefits begin. The raise comes during the most significant shift in retail the world has ever seen, as businesses both large and small moved further online as a result of the pandemic. network of logistics, delivery, and technology partners. Funds raised from the Series C will drive investment in building out Sendle's U.S. In the United States, Sendle’s small business package volumes increased more than tenfold in 2020 compared to the previous year. The fast-growing company has more than 800,000 users globally, having experienced record growth in 2020 with COVID-19 accelerating the shift to eCommerce.

#Redacted 35m series ten ventures full#

The funding round was led by Afterpay-backed AP Ventures alongside returning investors including Federation, Full Circle and NRMA. SEATTLE-( BUSINESS WIRE)- Sendle, the 100% carbon neutral shipping carrier designed for small business, has raised a $35 million Series C funding round to expand further in the U.S.