Economy. Morrow Capital leads the financing round for e-commerce platform Bird

Madrid, 6 (European Press)

Bird, an e-commerce logistics platform, was able to complete its Series B funding round for $16 million (€13.5 million), led by Mouro Capital, an entrepreneurial capital fund focused on fintech companies and businesses. Nearby areas that have Banco Santander share.

Verve Ventures, Speedinvest, Rider Global and VentureFriends have also invested in this round of financing which, the platform explained, will finance the expansion of its logistics network into five new markets in Eastern, Northern and Southern Europe. Additionally, talent recruitment and office expansion in Austria, France, Germany and the United Kingdom will be addressed.

In addition, Bird also plans to double the number of employees to 200 by the end of the year with appointments across all departments and offices.

“This latest funding will fuel our already rapid growth, making us the first independent e-commerce logistics platform in Europe. E-commerce is an essential channel for direct-to-customer brands and thanks to our comprehensive platform and warehouse network, we are supporting more and more companies from by optimizing its logistics operations with a scalable and customizable solution,” said Petra Dobroca, co-founder and commercial director of Bird.

A view similar to that expressed by Mouro Capital Managing Partner Manuel Silva, who asserted that “Byrd’s comprehensive capabilities, focus on sustainability, and its well-known brand clients differentiate it from its competitors and we look forward to seeing successes. This will bring geographic expansion with this investment.”

A company with more than fifteen warehouses

Bird is a company born in 2016 in Austria with a network of 15 warehouses across Europe. Thanks to its cloud-based software, Byrd customers can outsource and manage their logistics with a single, high-resolution digital interface.

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“Byrd operates the largest warehouse network of any e-commerce platform of its kind, handles the entire order logistics process from warehousing to shipping, as well as returns management, and gives merchants the ability to assess and manage your supply chain in real time with just a few clicks, complete clarity and control,” They explained from the company.

Instead of being a full warehouse owner, Byrd partners with logistics companies in 15 locations. The platform connects marketplaces and e-commerce systems (for example, Amazon, Plentymarkets, Shopify, Shopware) with its network of experienced third-party logistics providers.

In addition, the company has grown over 300% year over year and the company now handles hundreds of thousands of packages per month from large, well-established, and rapidly growing brands such as Durex, Freeletics, Scholl and Your Superfoods. Customers include direct-to-consumer brands that are rapidly expanding into the health and wellness, consumer goods, cosmetics and fashion sectors.

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