Parcel Perform is a Singapore-based logistics technology startup that has recently raised $20 million in Series B funding.
Founded in 2017, the company has been on a mission to revolutionize the global parcel delivery
industry and is looking to leverage the latest technology to provide customers a seamless and innovative experience.
As the company continues to expand and strengthen its foothold in the industry, let’s discuss who Parcel Perform are and what they’re all about.
Overview of Parcel Perform
Parcel Perform is a Singapore-based logistics technology startup that provides leading online parcel tracking and analytics services to multinationals and smart home logistics operations.
Founded in 2015, the company has grown rapidly, providing shipping, delivery and analytics solutions to top customers across 43 countries in Asia Pacific, North America and Europe. The company is renowned for its comprehensive dashboard insights, which provide detailed information on every parcel shipped throughout their operation.
Most recently, Parcel Perform announced a groundbreaking $20 million investment round led by SoftBank Ventures Asia. This new funding will support the company’s ambitious plans to rapidly expand its customer base and expand into new markets worldwide. It will also be used to develop cutting-edge technologies such as real-time tracking data insights for ecommerce businesses and an AI-powered route optimization platform for logistics companies.
With strong private interests and government support from Singapore, Parcel Perform stands in a good position to become one of Southeast Asia’s largest global logistics technology industry players.
History
Parcel Perform is a Singapore-based logistics tech startup founded in 2014. The company specializes in providing technology solutions for parcel delivery, tracking, and optimization in the e-commerce industry. Since its founding, the company has grown rapidly, raising $20 million in 2020 to expand its operations.
Let’s take a closer look at Parcel Perform’s history.
Founding of Parcel Perform
Parcel Perform is a Singapore-based logistics technology company founded in 2014 by Lamuel Davis and Kenneth Koo. The company is an API-driven parcel tracking platform for ecommerce businesses designed to provide end-to-end visibility and optimized control of the global postal, express and carrier services. By providing shippers with the ability to track their parcels across any location, it allows them to optimize delivery times, reduce delivery costs, lower parceling out rates, improve customer experiences and better manage returns.
In 2017, Parcel Perform raised 20 million dollars in funding from Vertex Ventures SE Asia and Innov8 AG. This funding has allowed the company to expand into new markets such as Australia and Europe and strengthen its presence in major Asian markets such as Japan and China. The funds have also been used to support further innovation of industry leading logistics technologies.
Parcel Perform now serves over 850 customers in various industries and connects over 500 carriers worldwide offering eCommerce businesses the power to find optimal routes and manage large volumes of data for a complete view of their shipments for both same day deliveries or long haul cross border transportation needs.
Expansion of Parcel Perform
Parcel Perform is Singapore’s premier logistics technology startup. Since its founding in 2012, Parcel Perform has become an industry leader in developing innovative, cost-effective solutions to complex last mile delivery challenges.
The company provides businesses with data insights and automation tools to improve delivery operations. By leveraging cutting-edge warehousing, automated fulfillment systems and machine learning technology, they help partners track their deliveries with remarkable accuracy across multiple geographies.
In addition to these integrated services, Parcel Perform offers add-on products such as customizable tracking notifications and accurate delivery time estimation. Thanks to these powerful capabilities, Parcel Perform has seen impressive numbers of customers relying on its services for more efficient deliveries.
In 2020 the company announced it had raised $20 million of venture capital investments from Rubicon Venture Capital which allowed them to increase the development of innovative technologies and expand their regional reach. This marks an important milestone for the firm as it looks forward to providing better customer service.
Services
Parcel Perform is a Singapore-based logistics tech startup founded in 2016 which helps businesses streamline their e-commerce shipping process. With the help of innovative technology, Parcel Perform provides its customers with services such as visibility into the late or delayed parcels, analytics and visibility, tracking, and delivery notifications.
Let’s explore the services Parcel Perform can provide.
Parcel Perform’s core services
Parcel Perform is a Singapore-based global logistics technology startup. They offer a wide range of services designed to address the needs of both customers and logistics partners.
Parcel Perform’s core services are focused on three pillars: tracking, analytics and operations.
Through their Tracking service, customers can trace the movements of their packages throughout their entire shipment journey. Likewise, businesses can uncover valuable trends throughout the entire delivery supply chain by leveraging data-driven insights from their Analytics service combined with an end-to-end Operations service.
The Tracking service includes tools that allow seamless integration with customers’ existing IT systems and provides real-time notification functions for order delivery status and detailed inventory information. It also allows customers to generate custom reports based on predefined filters that break down by region, carrier or date range for quick insights into order trends.
The Analytics service leverages historical order data and live tracking updates to drive predictive analytics that identify problems before they occur and allow businesses to proactively mitigate those risks before shipments reach critical landmarks in the delivery journey.
The operations service provides tailored pickup solutions, freight forwarding support and end-to end delivery management solutions; from carrier selection to customs clearance management – making them your single point of contact throughout the shipment process.
Parcel Perform’s additional services
Parcel Perform, founded in 2016 and a leader in logistics tech, is revolutionizing how e-commerce businesses are run by offering additional services such as real-time tracking, delivery claim management and automated customer communication. These tools help optimize shipment processing costs while improving customer experience.
To provide an added value to online merchants worldwide, Parcel Perform also offers advanced analytics and data-driven insights with its Tech Analytics platform that offers multi-level reporting, deep segmentation capabilities, improved visibility of deliveries across multiple markets and more.
Furthermore, customers can benefit from Parcel Perform’s Data Solutions for advanced predictive analysis and pricing optimization by country depending on global trends in customer demand. By utilizing their technology combined with data intelligence partnerships with Fortune 1000 companies, they can offer tailored solutions for each market.
Additionally, Parcel Perform’s Cost Calculator gives customers greater control of their orders to better understand exact costs down to specific order level – allowing them to compare costs between different carriers or even countries if needed. Finally, merchants get better access to regional carriers thanks to access to over 500 regional carriers worldwide enabling global coverage at local rates through its carrier network API integration as well as local pickup services in more than 2000 cities globally.
Singapore’s logistics tech startup Parcel Perform raises $20 million
Singapore’s logistics tech startup Parcel Perform recently announced that they have raised $20 million in Series B funding. AddVentures, SingTel Innov8, and the Logistic vertical of Siam Cement Group led this round of funding.
The funds will go towards helping Parcel Perform expand its business and invest in further R&D.
Parcel Perform’s funding rounds
Parcel Perform, a Singapore-based logistics technology startup, has recently raised $20 million in its latest funding round. Enterprise VC firm Susquehanna Growth Equity led the funding round with participation from existing investors, including Monk’s Hill Ventures and Octava.
This marks the third funding round for Parcel Perform, bringing their total series A/B funding to around $29 million. This announcement follows their previous two rounds of funding, with a Series B estimated at around $9 million in December 2017 and an undisclosed Series A sum of unknown value back in 2015, led by Monk’s Hill Ventures at the time.
The proceeds from this latest round will be used to grow its global platform, extend its engineering capabilities and increase its presence across South East Asia, Europe and the US. Parcel Perform works with various industries such as ecommerce companies, retailers and carriers worldwide to facilitate global supply chain visibility using real-time tracking data from over 900 designated carriers worldwide.
By empowering businesses with full coverage of end-to-end shipment tracking and insights into shipments across different countries via its solution, Parcel Monitor, which spans over 450 languages, businesses can focus on enhancing their customer experience, which will eventually result in improved customer satisfaction rates.
Impact of funding on Parcel Perform
The successful funding round of Singapore’s logistics tech startup Parcel Perform further reinforces the startup’s ambitions to drive digital transformation of the parcel logistics industry.
The newly received $20 million in a Series B+ led by Talis Capital, one of Europe’s leading technology venture capital firms, will enable Parcel Perform to empower major brands and thousands of shippers globally.
This influx of capital will be used to enhance Parcel Perform’s product suite, expand into new markets, and accelerate its intelligent automation development. The funds allow for strategic growth and investment in multi-party logistics technologies such as intelligent parcel tracking, robust analytics, and automated reconciliation platforms. Additionally, this new funding allows Parcel Performance to develop artificial intelligence-driven machine learning capabilities that exponentially increase delivery accuracy with real-time visibility.
With this investment and resources at hand, Parcel Performance is equipped to revolutionize the delivery experience while reducing significant operational costs for global shippers—saving them time and money. In turn, customers enjoy improved delivery experiences through consistent quality control performance with every transaction—ultimately increasing customer satisfaction levels throughout the supply chain process.
News
Singapore-based logistics tech startup Parcel Perform recently announced that it has raised $20 million in Series A funding, co-led by Hong Kong-based venture capital firm Vectr Ventures and Singapore’s corporate venture capital firm, SGInnovate.
The round also saw participation from existing investors, Monk’s Hill Ventures and Infocomm Investments, and new investors, such as Vickers Venture Partners, Heritas Capital and other undisclosed investors.
Singapore’s logistics tech startup Parcel Perform raises $20 million
Singapore-based logistics technology startup Parcel Perform has secured a $20 million investment from Daocom and prominent investors such as Zhen Fund, Basix Ventures and Kingfa Ventures. This latest capital injection brings Parcel Perform’s total funds raised to $34 million since launching four years ago.
The money raised will be used to expand the development, expansion and support of its tech platform in the region and internationally to enable more intelligent tracking as service-level performance becomes increasingly important. The investment will also help develop advanced platforms visualizing eCommerce data and analytics, plus automated actions on parcel status events driven by machine learning to provide a predictive customer experience.
Under the leadership of Founder & CEO Adam Robinson, Parcel Perform is transforming how retailers and businesses worldwide fulfill their orders through an AI-powered SaaS platform delivering intelligent parcel tracking experiences for customers globally. By embracing technology like robotic process automation (RPA), predictive analytics and Machine learning (ML), customers can improve operational efficiencies to increase customer service, loyalty and retention outcomes.
Parcel Perform’s plans for the future
Singapore-based logistics technology startup, Parcel Perform, has recently raised $20 million in a Series B funding round, taking their new total funding to $33 million and aiming to become the world’s leading international parcel tracking and analytics platform.
Parcel Perform will use the newly raised funds to develop their technology further, such as their cutting-edge analytics capabilities and advanced data science integrations. They will also look to expand into new markets and hire more staff in data science and software engineering initiatives.
The International Parcel Tracking & Analytics Platform has been designed to help eCommerce companies better manage international shipping, by giving them greater control over the shipment process. They introduce transparency between multiple stages of the delivery process across integrators and transport providers in different countries, allowing customers to track shipments more efficiently. The platform also offers automated exception management reporting for improved carrier operational efficiency.
With eCommerce becoming an increasingly important part of our lives, companies must be equipped with the tools they need to facilitate a smoother delivery experience. With this injection of investment funds and its innovative technology platform being developed further, Parcel Perform is well positioned to play an instrumental role with its customers’ global expansion strategies as well as helping them retain higher customer loyalty by offering a top-notch delivery experience.
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