Brussels, Belgium 12 March 2020 – Urbantz, a technology company that offers an innovative SaaS solution for sustainable and optimised first and last mile delivery, successfully completed its Series A financing round of €6 million with Korys, ETF Partners and existing shareholders.
Urbantz is a pioneer in optimising first and last mile deliveries, the most resource-consuming part of the parcel journey. This is the second fundraising round for Urbantz after the initial Seed investment in 2018. The investment from Korys and ETF Partners aligns well with the company’s values and strategy of developing a software technology that contributes to a more environmentally sustainable model of urban logistics, especially amongst retailers and logistics providers.
Of the company’s recent successful fundraising, Urbantz CEO Jonathan Weber said, “Completing the Series A fundraising with investment from top-tier funds such as Korys and ETF Partners is a source of pride and a solid proof of trust in Urbantz’s product and strategy. Our solution aims to help the industry transition towards the digitalisation of delivery services while reducing the environmental impact logistics has on cities. We are now continuing to improve with strong partners who, like us, are driven by innovation and sustainability”.
“The team at Urbantz created a fantastic product which solves some major pain points for last mile shippers” said Fabrice Bienfait of ETF Partners. “Importantly Urbantz delivery management platform can help optimise this segment of the supply chain and reduce its impact on our cities” he adds.
“We are impressed by the added value Urbantz provides by improving the efficiency of last mile delivery in a sustainable manner“ said Brieuc de Hults of Korys. “Urbantz has succeeded in establishing a reputation in this growing market and we look forward to supporting the expansion even further”.
With customers in Europe, the Middle East, and the US, Urbantz will use the Series A funding to further invest in product development and commercialisation to strengthen its market position across Europe, and to reinforce its teams.
About Urbantz Urbantz is a delivery management platform to manage, optimize and control first and last mile operations, from the initial order to the final recipient. The award-winning SaaS solution enables retailers, e-commerce players and carriers to provide recipients an outstanding delivery experience. Urbantz already powers the operations of household names like Carrefour, CityDepot and C-Discount. urbantz.com
About Korys Korys is the investment company of the Colruyt family. Today, it has more than EUR 4.5 billion of assets under management. Korys aims to create sustainable value in 3 major ecosystems: Life Sciences, Energy Transition and Conscious Consumer. korys.be
About ETF Partners ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Their funds come from institutional investors, global corporations and family offices, and create value by investing in technology companies making a difference. ETF Partners call it ’sustainability through innovation‘. etfpartners.capital
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