Budbee is a Stockholm-based logtech startup founded in 2016 that focuses on sustainable, customer-centric last-mile delivery. Its core product is a delivery platform and app that lets customers schedule deliveries and tailor driver arrival alerts. The company serves over 35 million people across Sweden, the Netherlands, Belgium, Denmark and Finland, with more than 10 million unique consumers and thousands of e-commerce customers including ASOS, Zalando, Inditex and H&M. Budbee reports nearly 5,000 signed parcel locker locations and says it has become one of Europe’s largest box networks. The business raised SEK 400M (approximately €38.15M) in its latest financing at a valuation above SEK 7.3B (approximately €696.33M) and plans to use funds to accelerate growth. It has also launched an employee investment programme to broaden ownership and is securing increased bank credit to finance parcel locker investments. Budbee is a Stockholm, Sweden-based logtech startup that offers an app-driven last-mile delivery service allowing customers to control delivery timing and driver alerts. Via its app, customers can specify when they want parcels delivered and how drivers should notify them upon arrival. The company serves more than 25 million people across Sweden, the Netherlands, Denmark, and Finland and has over 200 employees. Its services are used by hundreds of large retailers including ASOS, Zalando and H&M. Budbee plans to use the new funding for international expansion and to invest in technology and processes to further enhance sustainability and customer experience. To date the company has raised €92M in total funding, including the recent €52M round. Budbee is a Stockholm-based technology company that operates a modern last-mile logistics service for e-commerce, which it calls Logtech. Led by CEO Fredrik Hamilton, the company launched in 2016 by introducing home deliveries. Today it offers services to more than 6.5 million people in Stockholm, Gothenburg, Malmö, Helsinki, and Copenhagen. Budbee raised €4.8M in funding in a round that valued it at almost €100M, with backers including the H&M Group and Kinnevik. The company intends to use the funds to expand into the Netherlands and to continue expanding its business reach in Europe. Budbee operates an online marketplace that connects distribution companies and companies that need to deliver items to consumers without relying on a proprietary fleet or drivers. Led by CEO Fredrik Hamilton, the company is based in Stockholm, Sweden. The startup will use the newly raised funds to hire new people, improve its technology and expand operations. The financing indicates a focus on scaling operational capacity and product development. No operating metrics or revenue figures were disclosed in the article.

Total raised

$112M

Funding rounds

4

Latest round

Equity

Latest activity

May 2022