– AUSTRIA, Wien – byrd, the European e-commerce fulfillment platform has raised €5 million in a Series A round led by Rider Global, a venture fund with a strong focus on logistics, eCommerce and mobility., alongside participation from VentureFriends, a European VC with a strong entrepreneurial background in e-commerce and online marketplaces, FJ Labs, a US-based early-stage venture firm focused on online marketplaces and consumer Internet companies as well as current investors, who all doubled down in the round.
The new funding will help to scale the company’s operation internationally.
Since its start 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.
byrd runs a fulfillment network without touching a single parcel or owning a single warehouse. The startup connects online merchants to an international warehouse network, enabling retailers to offer advanced shipping options on an international scale without needing to build their own logistics network. The company’s fulfillment platform integrates with leading e-commerce systems such as Shopify and qualified logistics partners in multiple countries, bringing retailers closer to their customers.
“E-commerce is booming but consumers are more demanding than ever. We armour retailers with the best possible logistics solution, so they can compete with the world’s biggest online shops, meeting consumers’ ever-increasing expectations now and in the future”, said CEO and Co-Founder, Alexander Leichter.
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. Also, with a new Chief Product Officer and a Head of Data Engineering and Analytics having joined the team, technology will be a major focus in the next months.
“By making logistics data available to our customers directly via our dashboard, merchants can significantly improve their supply chain, optimize their inventory levels across different warehouses to improve their cost structure, and expedite their shipping”, explains Petra Dobrocka.
byrd was founded in 2016 and has offices in Berlin and Vienna. It has grown from 25 to 60 employees in the last 10 months and has ambitious plans to become a global player in the growing e-commerce market by revolutionizing the logistics industry.
”We are excited about the market that byrd is active in. The increasing e-commerce share of direct-to-consumer brands in the US is a trend we see emerging rapidly in Europe as well. To successfully compete with established industry leaders, retailers need flexible logistics solutions like byrd,” commented Timur Boridko, Managing Partner at Rider Global.
About byrd
byrd offers an e-commerce fulfillment platform to online shops, enabling them to outsource and control their entire logistics on a global scale with a few clicks. The cloud-based logistics software integrates with leading e-commerce systems which offers maximum automation and transparency.
The startup was founded in 2016 in Vienna and uses its software to connect more than 200 online retailers with fulfillment centers and shipping service across multiple countries. The international logistics network enables rapid growth and brings online merchants closer to their customers, therefore reducing delivery costs and shipping times. As a result, it helps retailers to turn shipping into a competitive advantage.
For more information: https://getbyrd.com/
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