After onboarding 12,500 businesses and partnering with DHL and Lufthansa, Estonia’s MyDello secures €3.1 million
Estonian shipping logistics platform MyDello has secured €3.1 million in new funding, signaling continued investment in modernizing European transport and logistics. This funding round, led by Icelandic VC Frumtak Ventures, will fuel MyDello's international expansion, with the UK as its initial target for December. The investment highlights the growing importance of digital solutions in the freight industry and the potential for European companies to lead the way. MyDello's platform has already onboarded 12,500 businesses and partnered with major players like DHL and Lufthansa. The investment round included participation from existing investor Superhero Capital, along with new board members. MyDello's co-founder and CEO Joel Timm emphasizes the company's experience and vision for the future of the industry. This funding is part of a larger trend of investment in European logistics and FreightTech, with approximately €67 million invested in 2025. Other companies like Lyzer, Qargo, Rail-Flow, Tilla, Quivo, and Sedna Communications have also received substantial funding to enhance transport and supply chain solutions. These investments underscore the shift towards automation and software-driven efficiency within the sector. MyDello's expansion and the wider investment landscape demonstrate the dynamic evolution of digital logistics in Europe. The company's focus on automation and streamlining shipment operations aligns with the industry's push for greater efficiency and real-time visibility. This funding will help them in their mission to bring the industry to the AI-age.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.