– SWEDEN, Stockholm – Budbee, a log tech startup that focuses on sustainability, maximizing customer satisfaction and efficiency of ‘the last mile’ delivery, announced that it secured €52M funding in a round led by AMF alongside existing investors Stena Sessan, Kinnevik, and H&M also participating in the round, bringing the total funding raised to date to €92M.
“Budbee is a very interesting Swedish company with competitive smart solutions in an industry with high structural growth. Their sustainability ambitions, with the goal to make all transports fossil-free by 2022, contributes to the company’s attractiveness and prospects. We look forward to becoming a long-term and active owner in Budbee during their continued growth journey.”, said Anders Oscarsson, Head of Equity, AMF.
By investing €24M in this funding round, AMF becomes one of the three largest shareholders of Budbee. AMF is one of Sweden’s leading pension companies and one of the largest owners on Nasdaq Stockholm.
Budbee will use the funding to fuel its international expansion and to invest in technology and processes that will enhance the sustainability aspects and customer experience of its services. Currently, Budbee operates in Sweden, Denmark, Finland, and the Netherlands. It has solved the last mile challenge via its purpose-built tech platform, which offers a new level of convenience and sustainability.
“When I founded Budbee in 2015, my team and I quickly recognized the enormous potential of technology to transform e-commerce deliveries,” I “Today we have built a service that is loved by millions of people in Sweden, The Netherlands, Denmark, and Finland. AMF is one of Sweden’s leading pension companies and we are very happy to welcome them on board as a long-term owner, supporting our ambition to expand and improve e-commerce shopping for millions more within Europe.”
Budbee is a delivery startup that seeks to spell the end of poor delivery services that constantly give businesses and consumers issues. With Budbee, customers have control over the delivery experience and can tailor it to their personal preferences. Customers can specify when they want their parcel delivered, and how the driver should alert them upon their arrival via the app.
Founded in 2015 by Fredrik Hamilton, Budbee has a team of 200 employees. It provides innovative and personalized delivery services to over 25 million people across Sweden, the Netherlands, Denmark, and Finland. The company claims to be a dynamic, fast-growing tech business committed to creating the best online shopping delivery service on the market.
For more information: https://budbee.com/
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