eCommerce Fulfillment Tech Startup Byrd Raises $56M

eCommerce fulfillment startup Byrd recently closed a $56 million Series C fundraising round that it will use to continue its growth around the world and expand into other countries, according to a Tech Funding News report Tuesday (May 10).

The company has raised $75 million in 10 months after a $19 million Series B funding effort last year, the report said.

Cambridge Capital led Byrd’s Series C round. Matt Smalley, a principal at Cambridge Capital, will be joining Byrd’s board as part of its investment.

Speedinvest, Mouro Capital, Elevator Ventures also participated in Byrd’s Series C fundraising efforts along with previous investors.

“We used to be very focused on SMEs,” Co-founder Petra Dobrocka said. “Now we also have bigger companies as customers, like Campari or Durex, who understand that direct-to-consumer is a trend that’s going to stay.”

Byrd is planning to launch in Sweden, Denmark and Poland later this year, creating what the company said would be the largest connected and independent eCommerce fulfillment network in Europe, with more than 30 warehouse locations in 10 European countries. Their warehouses and service also link with Amazon.

Byrd is also looking at entering three more markets this summer, increasing its team from 230 to 400 people by the end of the year. They’re also planning to open offices in Berlin, Vienna, London, Paris, Barcelona and Milan, the report said.

The company will also launch support for Amazon’s Seller Fulfilled Prime program and integrate with additional shop systems, ERP systems and other order management software, including Xentral for the German market and PrestaShop for France, while adding B2B services and improving its returns process.

Related: Shopify to Acquire eCommerce Firm Deliverr for $2.1B

Last week, Shopify agreed to purchase eCommerce fulfillment provider Deliverr in a $2.1 billion deal. Shopify plans to merge Deliverr with its own fulfillment network to create a larger, broader logistics unit.