Finnish startup OGOship get €1.5 million to expand e-commerce fulfillment service outside of the Nordics


OGOship, a Helsinki-based e-commerce logistics startup, has raised a €1.5 million seed round from Finnish investor to help fuel the company’s global ambitions.

The third party logistics (3PL) company allows small to medium e-retailers to store their products closer to consumers in a network of warehouses. Local storage means shorter delivery times. The service handles packaging and returns, as well.

“With all the current macro changes like new customs fees for parcels [from China], Brexit and other similar walls coming up, it is important to be able to ship locally. Consumers receive the goods as they would ordering from a nearby shop, and the merchant has huge savings in time, money and CO2,” commented Timo Toivonen, founder and CEO.

In a press release, the Finnish startup reports 46 percent year-over-year revenue growth in its home country. Last year the business expanded into Sweden and opened a warehouse in Venlo, the Netherlands. That brings the total number of European warehouses to six. 

While the Nordic fulfillment company wants to be a globally recognised brand, the new funding will first go toward merchant-facing product development, helping sellers optimise storage locations, stock volumes and SKU management.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.