everstox closes 20 million Series A to expand its Logistics-as-a-Service platform further across Europe.
“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.
Bösch, Felix Haberland and Johannes Tress have developed everstox, a Logistics-as-a-Service (LaaS) platform. The everstox solution combines a network of professional third-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 shipping operations, rely on proven operational excellence, and benefit from deep integrations into today’s eCommerce software stack.
The Munich-based tech company has now received Series A financing of EUR20 million to expand its asset-light LaaS solution across Europe. Lead investor Acton Capital is joined by existing investors Capnamic Ventures, GFC, and Flash.
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.
“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.”
With everstox, fast-growing companies can easily kick-off with one or multiple fulfilment 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. “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. By following an API-first approach, everstox has managed to quickly scale up to over 50 warehouse locations across Europe.
With the fresh EUR20 million 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 fulfilment locations, everstox will soon be able to process 1 Million shipped products per day via its network.
“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. “Our vision is that in 2030 every third eCommerce order is routed to the right place, at the right time, by everstox.”
