Milan-based Milkman snags €25 million to expand and partner with Poste Italiane for special delivery service

Milkman, a Milan-based logistics and delivery platform, has raised €25 million in its third round of funding, with backing from Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital. The deal includes an agreement between Milkman and Poste to create a new premium service, MLK Deliveries, specifically for Poste customers. The Italian company focuses on […]


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 […]


Paris-based Cubyn receives venture debt financing to expand automated fulfillment services across France

Cubyn, a Paris-based fulfillment and logistics provider for e-commerce marketplaces, has secured an undisclosed amount of venture debt capital from Harbert European Growth Capital. The French startup claims its proprietary technology, deployed in warehouses, reduces logistics costs by a third. Algorithms determine the best carrier and time per shipment. In addition to fulfilling and shipping […]


Russian e-commerce platform Ozon lands $150 million to rival Amazon

Russian e-commerce platform Ozon has raised $50 million from US-based VC Princeville Capital, plus $100 million from existing investors Baring Vostok Capital Partners and Sistema. The round of financing is a convertible loan that can be turned into equity. “The Russian e-commerce market is experiencing significant growth driven by the increasing penetration of online sales […]


Cyprus-based startup ePlane raises $9 million to help aerospace industry undergo digital transformation

ePlane, a Cypriot startup that created an online marketplace for aircraft parts, has raised a $9 million Series A led by the Japanese corporation, Marubeni. Essentially, the ePlane platform digitises the procurement process for aviation companies, allowing users to buy or sell, loan or exchange airplane parts. The aptly-named Autopilot is an algorithmic matching feature, […]