Urbantz, Europe’s Last Mile technology leader, gets an additional €6M, bringing its Series A to €12M
● Urbantz is a leading European SaaS company aiming to increase efficiency and sustainability of last mile delivery operations ● Korys, ETF Partners and Urbantz' shareholders increased their initial investment to €12 million ● The company recorded unprecedented growth in 2020 and came in 3rd in Deloitte’s Fast 50 ● Urbantz will further invest in innovation and recruitment
Brussels, Belgium 16 December 2020 - Urbantz, a SaaS company that offers innovative technology for sustainable and optimised delivery operations, has secured an additional €6 million investment from Korys, ETF Partners, and its other shareholders. This brings the total amount raised in the Series A round to €12 million.
Urbantz’ cloud-based software allows enterprises to orchestrate, measure and optimise their complex delivery operations. The technology enables these enterprises to monitor their internal and external fleets efficiently, provide recipients with a stellar delivery experience, and reduce cost and carbon footprint. 2020 was a year of unprecedented growth for Urbantz. The SaaS company surfed the astonishing surge of last mile deliveries and was able to expand and improve its business operations. This convinced its shareholders to double their initial investment and enable Urbantz to set even loftier goals for 2021. Urbantz’ growth was also recognised by Deloitte. The SaaS company came in 3rd on Deloitte’s Technology Fast 50 list showing record high growth in turnover over the past four years. Commenting on the additional investment, Urbantz’ CEO Jonathan Weber said, “The additional investment from Korys, ETF Partners and our other shareholders is testament to our growth, our product and our strategy. This past year, general delivery volumes have sky-rocketed, putting retailers and logistics delivery operations under intense pressure. Solutions like Urbantz proved essential in coping with this surge and improving the efficiency, flexibility and resilience of these companies’ delivery operations. These funds will allow us to increase our efforts to digitise the last mile delivery industry and reduce the environmental impact it has on our cities. We will further invest in R&D and recruitment to keep our current customers ahead of the curve and onboard more household names.” Fabrice Bienfait, Partner at ETF Partners gave his reasoning behind the decision to double the initial investment: “We’re thrilled to increase our investment in Urbantz as the company goes from strength to strength. The extraordinary challenges created by COVID-19 have led to a renewed focus on improving the logistics of last mile delivery. As a result, the company has seen unprecedented growth and emerged as the leading last-mile delivery management solution in Europe. Urbantz solution enables the quantification and reduction of CO2 emissions of last mile deliveries to help retailers and logistics providers achieve net-zero. The company has had an exceptional year, and we are very proud to support the team as they look ahead to continued success in 2021.” “We are impressed with the growth the Urbantz management team achieved during 2020,” says Brieuc de Hults, Investment Director at Korys. “The current global context made the number of last mile deliveries surge more than ever before. Urbantz’ services offered outstanding results in client satisfaction, combined with a more sustainable way of delivery. Taking into consideration the basics of our Korys investment strategy, that could only make us want to uplift our support” About Urbantz: Urbantz’ delivery management platform allows tier-one retail, e-commerce and logistics companies with complex delivery networks consisting of both their own fleets and 3PLs, to orchestrate, optimise and control their delivery operations quickly and efficiently. Companies across Europe like Carrefour, Auchan, Casino, the S-Group, PcComponentes, and PostNord use Urbantz’ cloud software to reduce the cost of their delivery operations and provide their end recipients with an outstanding delivery experience. www.urbantz.com 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. We create value by investing in and supporting great European companies that deliver Sustainability Through Innovation.” www.etfpartners.capital About Korys: Korys is the investment company of the Colruyt family. Today, it has more than €4.5 billion of assets under management. Across its activities, Korys’ investment decisions are taken with a long-term perspective and based on strict economic (Profit), social (People) and ecological (Planet) criteria. Korys aims to create sustainable value in 3 major ecosystems: Life Sciences, Energy Transition and Conscious Consumer. www.korys.be For further information, contact us at .