We advised the Estonian digital freight forwarding platform MyDello on securing a strategic investment agreement worth EUR 3.1 million. The round was led by the Icelandic fund Frumtak Ventures, and other participants included Finnish early investor Superhero Capital.
The new investment will be a powerful catalyst for two key initiatives. MyDello will continue with product development, including integrating its own AI solutions into its platform.
The second goal is to accelerate international expansion. Founded in 2021, the logistics platform already operates in 13 countries, and the next step is to launch in the United Kingdom. MyDello’s mission is to modernise the fragmented and outdated global logistics industry, and the aim is to be live and operational in every European country by 2027.
Our services and client team
We supported the client with all legal aspects related to the transaction, drafting and managing legal documentation, and assisting with the completion of the transaction.
Our team was led by partner Mirell Prosa, and supported by associates Eva Lennuk and Karina-Anette Kiristaja.
