S'pore-based start-up Parcel Perform raises $1.5m

Singapore-based e-commerce logistics start-up Parcel Perform has raised US$1.1 million (S$1.45 million) in seed funding, it said yesterday.

The fund-raising round was led by Wavemaker Partners, a venture capital firm headquartered in Singapore and Los Angeles, in league with 500 Durians, the South-east Asian fund of California-based 500 Startups. Existing and new angel investors also took part.

Parcel Perform said it will use the new capital for "worldwide growth" and to expand its product offering.

Its self-service software provides merchants with a branded tracking page for all their global and local carriers, and offers them the opportunity to send shoppers continual updates on their shipment status.

Merchants also have access to a comprehensive customer service interface, and intuitive and actionable analytics to compare their carriers' performance worldwide, the firm added.

Its chief executive and founder Arne Jeroschewski said: "This is a very exciting time, not only for our growing Parcel Perform team but also for merchants worldwide.

"Online shoppers are demanding more of e-commerce merchants, especially when it comes to the after-checkout experience.

"We help drive merchants' growth and improve their customers' loyalty. This round will allow us to further broaden our reach and product portfolio."

A version of this article appeared in the print edition of The Straits Times on January 23, 2018, with the headline 'S'pore-based start-up Parcel Perform raises $1.5m'. Print Edition | Subscribe