Are you tired of waiting for your online orders to arrive? Well, the Czech Republic-based DoDo Group is here to change that. The company has raised €60M in a Series B funding round and now has 2,000 couriers operating in seven countries. DoDo Group specializes in last-mile B2B logistics tech, helping businesses deliver their products faster and more efficiently than ever before. Read on to learn more about this exciting development in the world of e-commerce logistics!
What is the Czech Republic-based DoDo Group?
DoDo Group is a logistics company based in the Czech Republic that specializes in last-mile delivery. The company was founded in 2014 and has since expanded to couriers in seven countries. DoDo Group has raised a €60M Series B from investors to continue its growth.
What is last-mile B2B logistics tech?
DoDo Group, a Czech Republic-based company that provides last-mile B2B logistics solutions, has raised a €60M Series B. The round was led by Endeavor Catalyst and joined by existing investors Czech VC fond KKCG and Slovakian VC Penta Investments.
DoDo Group offers same-day or next-day courier services for businesses in the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria, and Croatia. The company has a network of over 100 couriers and operates in seven countries.
The new funding will be used to expand the company’s courier network and to develop new features for its platform. DoDo Group plans to launch in new markets and increase its headcount from 50 to 70 employees this year.
Omar Faridi, co-founder and CEO of DoDo Group, said that the company’s mission is to “enable businesses to ship faster and more efficiently than ever before.”
Crowdfund Insider quotes Faridi as saying, “We’re thrilled to have raised such a significant round of investment and to be expanding our reach even further. Our team has been working tirelessly to develop new solutions that will make it easier for businesses of all sizes to ship.
What are the seven countries that the DoDo Group operates in?
The DoDo Group is a Czech Republic-based company that operates in seven countries: the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria, and Croatia. The company offers last-mile logistics services and has a network of couriers who are trained in BB logistics technology. The company has raised a €60M Series B from investors.
How much money did the DoDo Group raise in their Series B funding round?
In their Series B funding round, the DoDo Group raised €12 million. This was led by GFC, with participation from existing investors Earlybird, Credo Ventures, and Rockaway. With this new round of funding, the company plans to continue its expansion into new markets and further develop its technology.
What will the DoDo Group use the €60M for?
The DoDo Group will use the €60M to continue expanding its last-mile logistics operations in Europe. The company plans to add more couriers in new countries and invest in new technologies to improve its service.
DoDo Group was founded in 2014 and is headquartered in Prague, Czech Republic. The company provides last-mile logistics services for e-commerce businesses in Europe. It has a network of couriers in seven countries: the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria, and Croatia.
Conclusion
The DoDo Group’s €60M Series B funding serves as a testimony to the success of their last-mile B2B logistics technology and continuing growth across seven countries. This fundraising round is a great indication that there is strong potential for last-mile delivery services and speaks to the importance of investing in such technologies. With this substantial injection of funds, it will be interesting to see what new innovations arise from the DoDo Group’s work in improving last-mile delivery solutions.
