E-commerce fulfilment platform byrd targets further European expansion with €16m Series B investment
byrd, the tech-driven digital logistics and fulfilment platform, has raised a €16m Series B funding round. The round was led by new investors Mouro Capital, an autonomously managed venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santander, joining Speedinvest, Verve Ventures, Rider Global and VentureFriends.
This latest round follows on from byrd’s €5m Series A round in July 2020, bringing the total amount raised to date to €26m.
byrd, founded in Vienna in 2016 and an independent e-commerce platform in Europe, will use the funding to expand its fulfilment network into five new geographies in eastern, northern and southern European markets.
Funding will also go towards hiring talent and scaling offices already serving existing markets in Austria, France, Germany, and the UK. byrd’s growing workforce is anticipated to double to 200 by the end of the year as the company plans to hire across all departments and offices.
Petra Dobrocka, Co-founder and Chief Commercial Officer of byrd, commented: “This latest funding will turbo charge our already rapid growth, which has already seen us become Europe’s number 1 independent e-commerce fulfilment platform. E-commerce is a pivotal channel for today’s Direct-to-Consumer brands and, thanks to our comprehensive fulfilment platform and warehouse network, we are supporting more and more retailers to optimise their logistics processes, with a scalable and personalisable solution. We look forward to welcoming even more customers to our platform and helping them transform their e-commerce fulfilment into a competitive advantage.”
Manuel Silva Martínez, General Partner at Mouro Capital adds: “We are delighted to be leading byrd’s Series B funding round, particularly as the pandemic has brought the need for flexible, digital e-commerce fulfilment solutions into sharp relief. Byrd’s end-to-end capabilities, focus on sustainability, and household brand customers set it apart from its competitors, and we look forward to seeing the successes that the geographic expansion enabled by this investment will bring.”