Barcelona-based e-commerce delivery startup Paack has raised $53M (nearly €44.7M) Series C funding in a round led by Bregal Milestone along with participation from existing investors such as RPS Ventures, Fuse Ventures, Unbound and Rider Global. It will use this Investment to leverage Bregal Milestone’s strategic support and accelerate its expansion across Spain as well as Europe.
Apart from the investment, Jan Bruennler, the Bregal Milestone Managing Partner and Rob Hetherington, the Head of Milestone Performance Partners, which is Bregal Milestone’s in-house portfolio value creation team have become the members of Paack’s board. Notably, this is the eighth investment from Bregal Milestone’s fund worth €495M. Also, it is the first transaction made by the fund in Spain.