Temando, the leading fulfillment software platform for eCommerce, today announced it has raised a $50 million Series B investment from Neopost S.A.
Temando will use the funds for product development and to continue its rapid growth in the United States and United Kingdom by leveraging Neopost’s global reach.
The Temando Intelligent Fulfillment Platform empowers retailers to transform fulfillment from a large cost center into a powerful competitive advantage, from lowering costs and increasing conversion rates to delivering more courier and packaging choices and a premium-level customer service in delivery and returns.
While powerful merchandising tools and frictionless payment solutions exist today, fulfillment remains the last major challenge for retailers to overcome and fully capitalize on their eCommerce investments. Today a paradigm shift in fulfillment services is happening, driven in large part by consumers demanding delivery choice and better shipping experiences from retailers.
Retailers are looking for advanced technologies to solve critical parts of today’s costly and complex fulfillment processes. They need to unify inventory across multiple locations (e.g., in-store, drop ship, warehouses), access multiple couriers and delivery options all at once (e.g., FedEx, UPS, etc.), reliably predict courier speed, accurately estimate shipping costs, and determine consumers’ exact locations.
Retailers are also struggling with how to integrate shipping systems with eCommerce platforms and optimize omnichannel sales. Temando solves all of these problems in one, simple and powerful system.
“We are thrilled to have the backing of such a major player in our industry,” said Carl Hartmann, Temando co-founder and CEO. “Neopost’s strategic stake in Temando will help us continue improving the most complete and advanced fulfillment platform available today.
Our technologies will enable retailers to deliver flexible, world-class experiences for their customers that save time and money.”
