| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | Spain |
| Sector | Logistics |
| Collapse type | Zombie Startup |
Paack
"Spanish sustainable last-mile delivery startup backed by UPS and Tiger Global that raised 180 million euros and entered zombie mode as unit economics failed to converge."
Technically alive but effectively dead, burning cash
Key Events Timeline
Paack raised €180M from UPS Ventures, Tiger Global, and others to build a sustainable last-mile delivery network across Spain, France, Portugal, and the UK using scheduled time-slot deliveries to improve efficiency.
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