We represented the international logistics platform MyDello in raising EUR 1.25 million. The investment will empower the platform’s expansion efforts, strengthening its presence in the Baltic States and Sweden while venturing into new markets in Finland and the Netherlands. The funding was raised in a seed round with Superhero Capital leading and other investors, including Yevgeny Kabanov, Bolt’s president, and angel investors from previous rounds.
Innovative digital solution in global logistics
MyDello, a digital logistics platform, was launched in May 2021 with the aim of making global shipping simple and convenient. MyDello helps companies to reduce logistics costs by 15-20%. Instead of asking for a quote by email or phone, the MyDello portal instantly displays solutions for air, road, rail and sea transport after the customer enters the shipment details, taking care of all the paperwork involved. All the delivery information is conveniently in one place, and shipments can be tracked in real-time.
“The logistics industry is in need of modernization as most information is communicated through emails and managing shipments remains a major challenge for logistics managers in industrial and wholesale companies. Many errors occur due to a lack of transparency in information. Our objective is to enhance the efficiency of global logistics by reducing waste in supply chains and introducing digitalisation to international transport,” explains Magnus Lepasalu, one of the co-founders of MyDello.
The platform’s unique feature of generating offers within seconds increases efficiency and convenience for all parties involved while reducing costs. It’s worth noting that the logistics market is huge, with an annual turnover of €10 trillion,” said Jussi Pyörre, one of the partners at Superhero Capital.
Our services and client team
We advised MyDello on all legal issues related to the investment. Our client team was led by senior associate Mirell Prosa and supported by partner Toomas Prangli, counsels Pirkko-Liis Harkmaa and Hetti Lump and associates Kadri Puu and Vladislav Leiri.