Swedish parcel locker company closes $90 million Series B round

Swedish parcel locker company closes $90 million Series B round

Instabox, a Stockholm-based company providing last-mile deliveries for e-commerce brands, has closed a $90 million Series B round led by EQT Ventures to fuel continued expansion within and outside of the Nordics, reports tech.eu.

Last April, the company secured €36 million in financing at a €100 million valuation.

The logistics company prides itself on its carbon-efficient system, which consolidates deliveries through a hyper-local fulfillment network of smart lockers, where people can pick up their goods. “The shipping industry consists of ancient postal companies using fossil fuels and fossil tech,” says CEO and co-founder Alexis Priftis.

Last summer saw the launch of Instabikes, a home delivery service where couriers pick up packages from the lockers and ride to the customer. All in all, Instabox promises a maximum of six hours between merchant and buyer.

Relevant Directory Listings

Listing image


Since 2001, KePol parcel lockers from innovation leader KEBA ensure easy automating of the first and last mile of parcel logistics processes. First-class quality and outstanding reliability make KePol the world’s best locker solution available. Thanks to its modularity, the flexibility is high and customizing […]

Find out more

Other Directory Listings

Leave a comment

Your email address will not be published. Required fields are marked *

News Archive



MER Magazine

The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.


P&P Poll


Which PUDO technology supplier is most familiar to you?

Thank you for voting
You have already voted on this poll!
Please select an option!

Pin It on Pinterest

Share This