Berlin and Vienna-based logistics startup byrd raises €5 million Series A to scale up internationally
Summary
The Series A round was led by Rider Global, with participation from VentureFriends, FJ Labs, and consumer internet companies as well as current investors. Since its founding in 2016, byrd has collected a total of more than €9 million from business angels and VCs, including Speedinvest, Reflex Capital, Hermann Hauser, and KK Incube, as well as public funding. The ability to fulfill from multiple warehouses simultaneously, as well as the digital interface which provides full transparency thanks to real time data, are two major reasons for big brands to work with byrd. With fresh capital and new investors on board, byrd is planning to add another three European countries to its fulfillment network in 2020, amounting to eight active markets by the end of the year. To successfully compete with established industry leaders, retailers need flexible logistics solutions like byrd,” explains Timur Boridko, Managing Partner at Rider Global.