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Accel backs PackLink’s $9m Series B

5 Jun 2014

packlinkVenture capital firm Accel Partners has led a $9m Series B round for Spanish shipping and packaging group PackLink.

The latest round, which was also backed by existing backer Active Venture Partners took PackLink’s fundraising total to $11m.

PackLink, which helps users find shipping providers, currently operates in Germany, Spain, France and Poland. Users can print their shipping labels and track their packages from the platform. 

Accel partner Michiel Kotting said, “We are excited to back the PackLink team as they continue to democratise the complex shipping market, bringing together customers and shipping providers, and enabling businesses to offer a superior customer experience.”

Accel’s recent deals also include a $40m investment in online money transfer service WorldRemit, which was one of the largest Series A rounds completed in Europe.

Since its launch in 1983 Accel has invested in over 500 companies, including Angry Birds, Atlassian, Braintree, Brightcove, CAN Capital, Cloudera, ComScore, Dropbox, Etsy, Facebook, Funding Circle, Groupon, Kayak, OzForex, QlikTech, Spotify, Supercell and Wonga.

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