Tuesday September 22, 2020
18-03-20

Urbantz raises €6 million to become the European leader in last mile delivery management

Technology company Urbantz, which offers an innovative SaaS solution for sustainable and optimised first and last mile delivery, successfully completed its Series A financing round of €6 million with Korys, ETF Partners and existing shareholders.

Urbantz is a pioneer in optimising first and last mile deliveries, the most resource-consuming part of the parcel journey. This is the second fundraising round for Urbantz after the initial Seed investment in 2018.

The investment from Korys and ETF Partners aligns well with the company’s values and strategy of developing a software technology that contributes to a more environmentally sustainable model of urban logistics, especially amongst retailers and logistics providers.

Urbantz CEO Jonathan Weber commented: “Completing the Series A fundraising with investment from top-tier funds such as Korys and ETF Partners is a source of pride and a solid proof of trust in Urbantz’s product and strategy.

“Our solution aims to help the industry transition towards the digitalisation of delivery services while reducing the environmental impact logistics has on cities. We are now continuing to improve with strong partners who, like us, are driven by innovation and sustainability.”

Fabrice Bienfait of ETF Partners added: “The team at Urbantz created a fantastic product which solves some major pain points for last mile shippers. Importantly Urbantz delivery management platform can help optimise this segment of the supply chain and reduce its impact on our cities.”

Lastly, Brieuc de Hults of Korys commented: “We are impressed by the added value Urbantz provides by improving the efficiency of last mile delivery in a sustainable manner. Urbantz has succeeded in establishing a reputation in this growing market and we look forward to supporting the expansion even further.”

With customers in Europe, the Middle East, and the US, Urbantz will use the Series A funding to further invest in product development and commercialisation to strengthen its market position across Europe, and to reinforce its teams.

SourceUrbantz
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