附近上门

Venture

Swedish Logistics Tech Company Instabox Snags $39M In Financing, With Valuation At $109M

(Editor’s Note: This is an article written for by and shared with 附近上门 News as part of a new content partnership.)

Swedish logistics tech company has closed a 鈧36 million financing round (approximately $39 million), boosting the business鈥 valuation to 鈧100 million (approx $109 million). Swedish investor Creades and London-based credit specialist CORDET participated in the round.

Instabox handles logistics for e-commerce retailers, offering same-day delivery through its network of last-mile smart delivery lockers. The service reaches about six million Swedes, delivering from the likes of H&M, Ikea, and Lloyds. In a press release, the company claims its growth has more than tripled each year over the last few years.

The latest financing round consists of a new equity issuance of 鈧5 million (approx. $5.4 million), the purchase of existing shares worth 鈧9 million (approx. $9.7 million)and a credit facility of 鈧23 million (approx. $25 million).

As for what鈥檚 next, co-founder and CEO Alexis Priftis explained: 鈥淲ith the new funds, we aim to radically increase the number of parcel lockers in Sweden from 400 to between 2000-3000. In addition, the new equity will enable us to expand our offering to more markets outside of Sweden.鈥

Photo: Instabox founders Staffan Gabrielsson, Alexis Priftis and Johan Lundin

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link