Delivery specialist CitiBox closes €11M round
Summary
Since the advent of the internet, the habits and consumption patterns of citizens have gradually changed thanks to the opportunities offered by the web. A sector that has achieved great popularity in just a few years, to the point of contributing a total of 643 million euros to Spanish GDP last year, with a forecast to exceed 2,000 million euros by 2020.One of the Spanish companies operating in this segment is Citiboxdedicated to the installation of smart mailboxes in the communities to facilitate the delivery of orders.. In this way, couriers can drop off parcels even if the recipient is not at home, and the recipient is notified via the app with a unique code to open the parcel.With the aim of increasing its network of smart mailboxes in Madrid and Barcelona, as well as to boost its international expansion, it has set up 11M in its Series A investment round. To this round investors, including Luis Miguel Gilp\xe9rez, former chairman of the board of directors of Telef\xf3nica Spain; Santiago Fern\xe1ndez Valbuena, former finance and strategy director of the Telef\xf3nica group; Richard Alden, former CEO of Ono; Bernardo Hern\xe1ndez, former director of Google; as well as Javier Rubi\xf3, well-known investor in digital projects or Jos\xe9 Manuel Mart\xednez, from Corporaci\xf3n HMS.Other relevant transactions that have taken place in the sector include:Founded at the end of 2014, it is a company specialising in ultra-fast deliveries (less than two hours) and serves both small and large retailers, such as El Corte Ingl\xe9s, Decathlon or Mediamarkt.Having raised a round of 6M last year, Paack has already initiated the first contacts with national and international funds in order to close a deal that would be in the region of 15M. Already with around 250,000 orders per year, their plans are to continue increasing this figure as well as extending their range of operations to other Spanish cities.Happy Box passed its acceleration stage at Andaluc\xeda Open Future, and shortly afterwards closed a successful financing round with a total of 53 investors who took 16% of the capital.