Led · Series A · Feb 2022

GoComet is a vertical SaaS platform, founded in 2018 by four IIT Delhi graduates (Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, and Mehul Katiyar), that delivers multi-modal logistics and transportation solutions to SMEs and global conglomerates. Its platform uses deep learning, AI, and machine-learning algorithms to enable real-time shipment tracking, optimize operations, reduce freight costs, and provide automated updates such as worldwide port congestion. GoComet focuses on automating end-to-end logistics workflows to build supply chain resilience for customers, a capability highlighted during the global pandemic. The company plans to use new capital to further develop its platform and accelerate customer growth, targeting expansion in the US and Europe. Management also intends to use funds to attract and retain key talent and expand into new segments and markets. GoComet has raised $7 million in Series A financing to support these plans.

Participated · Series D · Jan 2022

Paack is a logistics and parcel-delivery company that began operations in Dubai five years ago and is now based in Barcelona. It offers scheduled deliveries in more than sixty European cities across Spain, Portugal, Italy and France. The company reports a 96% success rate on first deliveries and an international customer rating of 4.8 out of 5. Financially, Paack attracted €45M in the second half of 2023 and has now received an additional €10M from ICO Next Tech. Paack plans to continue expanding the number of countries and cities it serves and will pursue route optimization and investment in environmentally friendly vehicle fleets to support that growth. Paack is a Barcelona-based logistics company that provides parcel delivery services for e-commerce retailers. The company manages delivery of several million orders monthly for more than 150 clients, including 17 of the top 20 e-commerce retailers in Spain. Paack employs between 500 and 1,000 people and has raised more than €300M in investment since inception. The current round of €45M will be used to reinforce its market position in e-commerce delivery, invest in product innovation, and expand its distribution network across Europe. Paack has an ambition to become the first company to guarantee 100% zero-emission deliveries across Europe. The financing combines equity and debt to support growth and working capital needs. Paack operates an e-commerce delivery platform combining logistics software with warehouse-robotics integrations to manage last-mile and fulfillment operations. Its systems integrate with e-commerce sites so consumers can customize delivery schedules at checkout, and the company develops warehouse automation, time-window scheduling and routing integrations. Paack says it delivers several million orders per month for about 150 international clients, processes 10,000 parcels per hour per site, and counts 17 of the largest e-commerce retailers in Spain among its customers. The company was founded by Fernando Benito, Xavier Rosales and Suraj Shirvankar, and CEO Benito emphasizes a short-term vision to lead sustainable e-commerce delivery in Europe. Paack aims to deliver parcels at carbon net-zero using electric last-mile vehicles and is seeking certification with The Carbon Trust and the United Nations. It has established a profitable position in Spain and is pursuing similar results across the U.K., France and Portugal while using new capital for product development and European expansion. Paack is a Barcelona-based e-commerce delivery platform founded in 2015 that provides delivery services for retailers including Amazon, Decathlon, and MediaMarkt. The company is active in more than 60 cities across Spain, the UK, France and Portugal and works with over 3,000 local delivery partners. Paack has a team of more than 240 employees and expects to reach €50 million in sales this year. The platform focuses on coordinating deliveries between retailers and local couriers to fulfil e-commerce orders. The startup plans to use new capital to expand delivery coverage and invest in operational efficiency. To date, Paack has raised over $80 million in funding.

Participated · Series B · Jul 2021

Byrd operates an asset-light, software-led fulfillment network that offers virtual warehousing (colocation), delivery services and proprietary warehouse-management software to e-commerce merchants. The company currently covers seven countries—U.K., France, Germany, the Netherlands, Austria, Italy and Spain—with plans to launch in Sweden, Denmark and Poland later this year, targeting 30 warehouse locations across 10 countries. Byrd’s platform helps merchants connect, manage and analyze shipments and returns across channels and already fulfills a significant volume of Amazon orders for customers. The startup emphasizes flexibility for retailers that sell through multiple channels and aims to provide fast-shipping and returns capabilities that compete with marketplace-driven offerings. Founders include CEO Alexander Leichter (co-founder) and co-founders Sebastian Mach and Petra Dobrocka (CCO); the company was originally founded in Vienna and is now based in Berlin. Byrd plans to use new funding to expand its network, broaden services and build operations in new verticals such as apparel. Byrd provides software to manage warehouses and logistics and runs a service that helps online merchants receive, store, pick and deliver orders via a network of fulfillment centers. The company offers APIs to integrate merchants' storefronts and marketplaces and taps shipping partners such as UPS, DHL, Amazon and postNL to route orders. Byrd also enables customizable packaging and options for more sustainable delivery so brands can preserve their customer experience. Founded in Vienna, Austria in 2016, it is active in the UK, Germany, the Netherlands and France, operating some 15 fulfillment centers and serving roughly 200 customers. Revenues are up 300% year-over-year and the company handles “hundreds of thousands of parcels per month.” Byrd plans to expand into five additional markets across eastern, northern and southern Europe and will bring B2B capabilities online in the coming months. byrd operates a tech-driven fulfillment platform that integrates with leading e-commerce systems such as Shopify and connects merchants to qualified logistics partners and partner warehouses internationally. The company enables retailers to offer advanced, international shipping options without building their own logistics network. Founded in 2016 and based in Berlin and Vienna, byrd runs fulfillment locations in Germany and Austria, operates in the UK, and plans new locations in the Netherlands and France. It currently ships 10,000 orders per day from more than 10 warehouses and manages storage capacities of more than 500,000 square meters. The company has 60 employees and intends to use new funds to expand its virtual warehouse network to let retailers in eight markets ship worldwide by the end of the year. Total funding has reached more than €9m following the latest round. byrd provides an iOS app that lets private and business customers photograph an item, request a courier pickup (€4.90 per pickup), and have the item packaged and shipped at the lowest available price. The service handles the first mile by collecting unpackaged items, bringing them to a warehouse for packaging, and placing them into the logistics cycle. The startup completed a test phase for businesses and is already shipping a four-digit number of parcels per month. The app initially launched in inner Vienna (districts 1–9, 20) with city-wide expansion and expansion into other cities underway, including plans to expand into Germany. Founded in 2016, byrd was part of the TUW i²nkubator and emphasizes speeding up and simplifying shipping through technology.

Led · Series A · Mar 2021

Sendify offers a logistics SaaS-enabled marketplace that lets small B2B businesses book and manage daily shipping through a collaborative platform. Founded in 2016 and Swedish-based, the company focuses on long-tail logistics and connecting carriers with smaller companies. Since its 2020 seed round, Sendify has more than doubled its revenue. The team plans to use new capital to expand across Europe, with Germany launched first and additional markets to follow. Product roadmaps emphasize further platform development to handle multi-market complexity and scale to hundreds of thousands of companies. Management states the goal is to become the number-one logistics platform for small businesses and to drive innovation in how carriers work with smaller customers.

Participated · Equity · Nov 2020

Forto is a freight technology startup that manages shipping containers from origin to destination. It coordinates shipments by sea, rail and air and handles up to 10,000 containers a year. The company serves about 2,500 clients, including Home24 and German supermarket chain Edeka. Forto plans to use new funding to expand trade shipments between China and Europe. After the latest round its valuation is close to $1.2 billion and it has raised a total of $360 million to date. Forto previously raised $50 million late last year. Forto operates a digital freight-forwarding platform that gives customers real-time data, on-time delivery and an emissions rating for transport options. The platform typically reduces administrative supply-chain costs by about 30% and helps customers make smarter, more sustainable decisions. Its solutions are used by more than 2,500 customers, including Viessmann, Miele and Home24. The company reported volumes grew 300% year-over-year in recent quarters despite challenging trading conditions. Forto plans to use new funding to accelerate development of its supply-chain management offerings by adding order management and value-added services. It is expanding its European and Asian operations, recently opened a Singapore office and extended its presence to five offices in Asia; it has raised $103 million since launching in 2016.