MyDello, a Tallinn-based logistics platform, announced that it has secured €1.25M in a funding round led by Helsinki-based Seed stage VC Superhero Capital.
Other investors, including Yevgeny Kabanov, Bolt’s president, and angel investors from previous rounds, also participated in the funding round.
MyDello will use the funding to expand its platform, strengthen its presence in the Baltic States and Sweden, as well as venture into new markets in Finland and the Netherlands.
Magnus Lepasalu, Joel Timm, and Siimu Kaas founded MyDello in 2021 due to the lack of digital solutions in global logistics.
MyDello aims to make global shipping simple and convenient by helping companies reduce logistics costs by 15-20 percent.
Instead of asking for a quote by email or phone, the MyDello portal instantly displays solutions for air, road, rail, and sea transport after the customer enters the shipment details, taking care of all the paperwork involved.
All the delivery information is conveniently in one place, and shipments can be tracked in real-time, claims the company.
Read more on Tech Gist Africa:
Estonian agtech start-up eAgronom raise $5.5M