Darkstore raises $21 million Series B round

TechCrunch | 9/19/2019 | Staff
erinmmarion (Posted by) Level 3
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Darkstore, the tech-driven fulfillment solution to enable e-commerce companies to offer same-day delivery, just raised a $21 million Series B round led by EQT Ventures. The deal will bring EQT Principal Laura Yao to Darkstore’s board of directors.

This Series B round comes less than one year after Darkstore raised a $7.5 million Series A round. In total, Darkstore has raised over $30 million in funding.

Darkstore - Works - Capacity - Storage - Facilities

Darkstore works by exploiting excess capacity in storage facilities, malls and bodegas and enables them to be fulfillment centers with just a smartphone. The idea is that brands without local inventory can store it in a Darkstore and then ship out same-day. Darkstore charges brands across three areas: fulfillment, storage and delivery.

“Consumer expectations are relentless,” Yao told TechCrunch via email. “We want things now, now, now. Obviously, it’s in a brand’s best interest to be able to...
(Excerpt) Read more at: TechCrunch
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