Bringing sustainability and efficiency to parcel delivery, Dutch startup Trunkrs has just raised €15 million in Series B funding and sets its sights on becoming a market leader in the Benelux.
Utrecht-based startup Trunkrs is on a mission to improve same day and next day delivery offerings for the growing ecommerce sector. The company, founded in 2015, has now raised €15 million in a new funding round led by Korys. Joining the Belgian investment company to back Trunkrs, is VP Capital and SET Ventures. IMPROVED Corporate Finance advised and supported Trunkrs in raising the financing.
Launched with the goal to increase sustainability in the last mile of parcel delivery, Trunkrs uses existing delivery trucks and distribution centres within the delivery chain to keep its footprint small and delivery fast.
The company is one of the Netherlands’ leading delivery partners to premium ecommerce players, and, in 2021 expanded to Flanders. Many webshops, including Mediamarkt, trust Trunkrs with the fast, reliable and flexible delivery of their parcels. Keeping sustainability to the fore, the startup is also taking an active step to electrify partner’s vehicle fleets whilst keeping their own footprint small.
Jan Wijn, the CEO, explained: “Within our sector, we are active accelerators in increasing sustainability. Thanks to the investment by Korys, VP Capital and SET Ventures we are able to strengthen our position as market leader in the Netherlands and expand our market presence in Belgium, so that Belgian webshops can profit from our fast and reliable parcel delivery. This will increase our impact and that makes us proud.”
The delivery industry, particularly in the age of heightened demand for fast deliveries, has been getting criticism for its impact on the environment. But Trunkrs want to change this and are ensuring that sustainability is embedded into business approaches. It’s also been a key part of this investment.
Guus van Puijenbroek, Director VP Capital commented: “This investment will allow Trunkrs to stimulate the electrification of parcel delivery even further and to realise greater reductions of CO2 emissions in the ever growing e-commerce market. Our evaluation has also shown that Trunkrs holds their partners to high standards regarding working conditions and sustainability. The co-operation with Korys and SET Ventures for the investment in Trunkrs and the vision and innovative solutions of the company fit seamlessly with our ambition to put our capital towards furthering sustainable progress.”
Brieuc de Hults, Investment Director at Korys, added: “Not only do they offer a reliable, sustainable and fast delivery solution, they enable small and medium-sized webshops to be competitive in a fair manner and to offer their customers premium and sustainable delivery options similar to larger e-commerce platforms and in doing so, they stimulate more local e-commerce. They are already market leaders in the Netherlands and together with VP Capital and SET Ventures, we will make sure that Trunkrs also conquers the Belgian market. “
The capital boost will be used to support Trunkrs growth plans, which include becoming a market leader in the Benelux and increasing sustainability throughout the entire parcel delivery chain.
Sherief Rahim, Executive Director at IMPROVED, commented: “As the fundamentals of the e-commerce sector remains strong and same-day delivery is increasingly the norm for consumers, Trunkrs is well-positioned to become the category leader both in terms of its technology and commitment to electrification of fleet partners. Through the Series B growth financing, Trunkrs will rapidly reach new heights, and accelerate its leadership position throughout the Benelux logistics market and beyond.”