Participated · Equity · Apr 2022

Instabox builds technology-enabled parcel delivery services focused on fast, more sustainable, and efficient e-commerce shipping using locker and home delivery options. The company is internationally expanding and emphasizes flexibility and availability for customers through its combined locker and home-delivery model. Instabox delivers more than 3 million packages per month across Sweden, Norway, Denmark, the Netherlands and recently launched in Germany. Over the past year it has acquired market leaders in same-day deliveries in Norway and the Netherlands, supporting its expansion. Instabox was recently ranked the third fastest-growing tech company in Europe by the Financial Times, and the company cites high growth and strong customer influx in Sweden and internationally. Ownership includes founders and staff alongside investors such as Creades, EQT Ventures, Tham Special Investment, and Verdane. Instabox operates an automated parcel locker network that provides lightning-quick, fossil fuel-free last-mile delivery. The company plans to use the new capital to invest in sustainable solutions, refine its technology stack, and accelerate European expansion. Instabox recently acquired Norwegian logistics firm Porterbuddy, with Porterbuddy’s majority shareholders Verdane and Canica reinvesting their proceeds and becoming significant shareholders. The business has signaled continued geographic growth after a Dutch market entry and a $90 million Series B last year. Instabox now holds a unicorn valuation and reports having raised approximately $327 million to date, including the latest round. Instabox operates a smart locker network and technology platform that enables e-commerce deliveries with a maximum of six hours between merchant and consumer. Its platform provides real-time, end-to-end tracking of all deliveries, allowing optimization at each step. The service has been used by millions of Swedes and the company operates more than 1,000 automated parcel machines across Sweden, Denmark and Norway. Merchant customers include H&M, Ikea, Apotea and Boozt. Instabox plans to use new funding to further invest in technology to enhance the value chain for customers and merchants and to expand outside Sweden. The company was founded in 2015 by Alexis Priftis, Staffan Gabrielsson and Johan Lundin. Instabox operates a network of last‑mile smart delivery lockers offering same‑day delivery for e‑commerce retailers. The service reaches about six million Swedes and delivers for merchants including H&M, Ikea, and Lloyds. The company says its growth has more than tripled each year over the last few years. Financially, Instabox’s valuation was boosted to €100 million after the latest financing. Management plans to use the new funds to expand the locker footprint dramatically and to enter additional markets outside Sweden. Co‑founder and CEO Alexis Priftis outlined a target increase in parcel lockers from roughly 400 to between 2,000–3,000.

Participated · Equity · Jan 2022

Orbital Systems develops water-recycling technology for domestic appliances, best known for its 'Shower of the Future' that can deliver up to 90% water savings and 80% energy savings. Founded in Malmö in 2012 by Mehrdad Mahdjoubi from a project between NASA and Lund University, the company holds a global portfolio of more than 100 patents. Its showers have saved one million litres of water since the end of 2014, and it operates showrooms in Malmö, Copenhagen, and Stockholm. Orbital positions itself as the only company on the market able to reduce water consumption without compromising user comfort. The company plans to expand its product offering and accelerate commercial expansion, with the next product slated for launch in 2022. The recent financing will be used to increase the pace of its commercial rollout and broaden its product range. Orbital Systems is a Sweden-based cleantech startup whose main product, the Oas, is a water-recirculation shower system that collects, analyses, cleans, heats and reuses shower water. The company says Oas can save up to 90% of water and 80% of the energy used in showers. Its system analyses water quality up to 20 times per second and purifies water using a micron filter and UV light. Oas also captures data on water quality and usage that can be monitored via a mobile app. Orbital Systems plans to use its recent financing to advance commercialisation of the product and to explore additional applications for its technology. Orbital Systems develops OAS, a closed‑loop shower that recirculates and re‑purifies shower water using filter technology developed in collaboration with NASA. The system can be sold as a retrofit or a new installation and senses when water is clear enough to recycle versus when it must be discarded. Orbital’s filters remove bacteria and other contaminants each cycle, and the looped design reduces heating needs by reheating water rather than heating fresh water. The company claims OAS uses about 5 litres of water for a shower that would normally consume up to 150 litres over 15 minutes. Mehrdad Mahdjoubi is the founder and CEO and frames the tech as conserving resources as on space missions. Mahdjoubi said the company aims to apply the technology beyond showers to other domestic appliances, hinting at products such as a washing machine.

Led · Equity · Feb 2021

The article reports that Northmill secured 275 million in new funding. It does not provide details about the company's products, services, future plans, or operating metrics such as revenue or users. The article also omits founding year and location. No financial details beyond the announced amount were disclosed. Consequently, the only company-related fact available from the article is the recent capital injection of 275 million.