IMPROVED advises Trunkrs on the EUR 15mn Series B from Korys, VP Capital and SET Ventures
- Date June 9th, 2022
- Transaction type Growth Financing
- Sector Mobility
- Sub Sector Last Mile Delivery
Trunkrs, the leading asset-light, Same & Next Day delivery platform, has successfully raised EUR 15mn in growth capital during its Series B round led by Korys Investments, with co-investments from VP Capital and existing shareholder SET Ventures. The fundraise will enable Trunkrs to maintain and improve its position as market leader in the Benelux. The company will also use the investment to accelerate increased sustainability within the parcel delivery chain.
Leveraging its extensive expertise in the mobility and logistics domains, IMPROVED has secured a Series B investment from the optimal growth partners for Trunkrs. The consortium of highly regarded impact-focused investors has strong expertise and presence in the Benelux logistic and retail sectors. This transaction underlines the position of IMPROVED as a trusted advisor to fast-growing companies and their founders across Europe.
Founded in 2015, Trunkrs currently connects hundreds of webshops in the Netherlands and Belgium. Through its unique technology platform, Trunkrs links midsized web shops to sustainable fleet partners, providing optimized routing and competitive advantage. Trunkrs plays an active and critical role in the electrification of its fleet partners and has the ambition to become a Zero Emission company in the near future.
“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.”
“We are extremely enthusiastic about investing in this fast growing premium delivery service” says Brieuc de Hults, Investment Director at Korys. “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.”
Brieuc de Hults
Investment Director, Korys
“As the fundamentals of the e-commerce sector remain 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.”
Executive Director, IMPROVED