Fulfillment and logistics startup byrd raises €16 million, targets five new markets

Vienna’s e-commerce fulfillment and logistics firm byrd has raised €16 million and is looking to expand into five new markets in Europe. The startup has 15 warehouses across Europe and handles the entire order fulfillment process from storage to shipping to returns for brands, and gives them real-time control over their supply chain. To date, byrd has raised €26 million.

Founded in 2016, byrd reports a 300% year-on-year revenue growth rate and handles hundreds of thousands of parcels per month for both established and up and coming brands including Durex, Freeletics, Scholl, and Your Superfoods.

Instead of owning warehouse facilities outright, byrd partners with existing logistics companies, thus filling what might be empty square footage, while at the same time placing byrd’s customer’s products closer to the end consumer.

In addition to the market expansion, byrd is also planning on doubling its workforce to a headcount of approximately 200 by the end of the year.

The latest round of funding arrives via Mouro Capital who now joins previous investors Speedinvest, Verve Ventures, Rider Global, and VentureFriends.

“This latest funding will turbocharge our already rapid growth, which has already seen us become Europe’s number 1 independent e-commerce fulfillment platform,” commented CCO Petra Dobrocka. “E-commerce is a pivotal channel for today’s Direct-to-Consumer brands and, thanks to our comprehensive fulfillment platform and warehouse network, we are supporting more and more retailers to optimise their logistics processes, with a scalable and personalisable solution.”