Everstox, a Munich, Germany-based Logistics-as-a-Service platform, closed a €20 million in Series A funding.

The round was led by Acton Capital, joined by existing investors Capnamic Ventures, GFC, and Flash.

The company intends to use the funds to grow its team to 150 employees and expand its platform further across Europe.

Company: everstox GmbH

Raised: $20.0M

Round: Series A

Funding Month: November 2021

Lead Investors: Acton Capital

Additional Investors: Capnamic Ventures, GFC, and Flash

Company Website: https://everstox.com/

Software Category: Logistics-as-a-Service (LaaS) platform

About the Company: Led by Boris Bösch, Felix Haberland, and Johannes Tress, everstox provides a Logistics-as-a-Service (LaaS) platform that offers scalable and data-driven warehousing and fulfillment for eCommerce, B2B, and Retail via a network of independent European logistics service providers. The company is gradually building its technology-driven and independent network of renowned warehouse logistics and fulfillment partners, thus enabling transparent, efficient, and eco-friendly logistics solutions across Europe and enabling merchants to grow their warehousing and shipping operations.

Source: https://www.finsmes.com/2021/11/everstox-raises-e20m-in-series-a-funding.html