Milkman, co-founded in 2015 and based in Milan, operates a last-mile logistics platform offering same-day delivery, delivery within exact hours (within 30 minutes) and real-time tracking. The company reported over 400k deliveries in Q1 2020 and serves clients including Eataly Today, Coop, Nespresso, Zara and Tannico. It has raised €35M in total funding and recently secured €25M in its third funding round. Backers in the latest round included Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital. Milkman intends to use the capital to expand operations and broaden its business reach. The company and Poste signed a cooperation deal to launch MLK Deliveries, offering Poste’s clients a premium delivery service. Milkman is an e-commerce delivery service that provides transparent, accurate arrival-time forecasts and a wide range of delivery personalization options (day/hour/same day). Customers can cancel or replan deliveries with no additional cost. Launched in April 2016 and based in Verona, Italy, the company has completed over 400,000 deliveries and is led by CEO Antonio Perini. Milkman partners with retailers including Easy Coop, Eataly, Nespresso and Zara. The company reported turnover of €450k in 2016, €2.1m in 2017 and expected to close the current year at over €7m. It intends to use the €6.4m raised to accelerate development efforts. Milkman, founded in 2015 and based in Milan, Italy, provides a smart logistics service that allows users to pick a one-hour time slot for e-commerce deliveries via mobile apps. The service is managed through iOS and Android applications and hands over items on demand within the chosen hour. In its first months of activity the company delivered 3,000 packages. Milkman intends to use newly raised funds to continue developing its service. The company previously raised €255k prior to this round. The product focus is on improving convenience and timing for last-mile e-commerce deliveries.

Total raised

$36M

Funding rounds

3

Latest round

Equity

Latest activity

May 2020