MyDello, a Tallinn-based logistics platform, said it had raised €1.25 million in a fundraising round overseen by Superhero Capital, a Helsinki-based seed stage VC. The investment round also included participation from prior angel investors and Bolt’s president, Yevgeny Kabanov.
MyDello plans to utilize the cash to develop its platform, boost its footprint in Sweden and the Baltic States, and explore uncharted territory in Finland and the Netherlands.
Modello: Convenient and easy international shipping
Due to the absence of digital solutions for international logistics, Magnus Lepasalu, Joel Timm, and Siimu Kaas launched MyDello in 2021. MyDello plans to utilize the cash to develop its platform, boost its footprint in Sweden and the Baltic States, and explore uncharted territory in Finland and the Netherlands.
Modello: Convenient and easy international shipping
Due to the absence of digital solutions for international logistics, Magnus Lepasalu, Joel Timm, and Siimu Kaas launched MyDello in 2021. MyDello wants to make international shipping simple and convenient by assisting businesses in cutting their logistical expenses by 15% to 20%,” he continues.
After the customer inputs the cargo information, the MyDello site immediately presents alternatives for air, road, rail, and sea shipping, taking care of all the associated paperwork instead of asking for a price by email or phone. According to the business, packages may be traced in real time, and all delivery information is conveniently located in one location.
The Financier
A venture capital investment company, Superhero Capital, is in Helsinki, Finland. In Finland and the Baltics, the VC company generally invests up to €1 million in software-driven businesses.
“The conventional approaches to international freight forwarding are going through a radical upheaval, and MyDello’s digital platform is leading the way. The platform’s special ability to generate offers in just a few seconds boosts productivity and convenience for all parties while cutting expenses. It’s important to note that the logistics industry has a sizable market with a €10 trillion yearly turnover, according to Jussi Pyörre, a partner at Superhero Capital.
