Tallinn-based transport logistics platform MyDello has raised €3.1 million in new funding to speed up worldwide enlargement, beginning with the UK, the place prospects can use the platform from December onwards.
Icelandic VC Frumtak Ventures led the funding spherical, with participation from present investor Finnish early stage VC Superhero Capital. Becoming a member of the board are Frumtak Ventures basic associate Andri Heiðar Kristinsson and (earlier investor in MyDello) Jevgeni Kabanov, President of Bolt.
MyDello co-founder and CEO Joel Timm says: “We love logistics – my co-founders and I’ve a long time of expertise and know the highs and lows of the business. After we launched MyDello in 2021 we knew there was a greater manner for our business to function and in just some years we now have facilitated 1000’s of shipments, constructed up a deep buyer base, and struck partnerships and agreements with a whole bunch of key carriers and business friends. Nonetheless, that is simply the beginning, and we’re overjoyed to welcome Frumtak Ventures, and we thank them and our returning buyers for his or her assist.”
Within the context of European logistics and FreightTech funding in 2025, MyDello’s spherical sits alongside continued funding into platforms targeted on modernising transport, fulfilment and cargo administration.
Lisbon-based logistics platform Lyzer raised over €10 million to assist worldwide enlargement and additional improvement of its logistics-as-a-service providing. In Belgium, Ghent-based transport administration system supplier Qargo secured a €28 million Sequence B to scale operations and product improvement throughout Europe. Germany has additionally seen exercise, with Frankfurt-based rail freight platform Rail-Flow closing a €12.5 million Sequence A to develop its AI-driven rail and intermodal transport administration software program, whereas Berlin-based maritime crew logistics startup Tilla raised €2 million to develop its worldwide footprint.
Elsewhere, Vienna-based e-commerce fulfilment supplier Quivo secured €5.2 million to develop into the Gulf area, and London-based maritime and supply-chain communications platform Sedna Communications raised €10 million to additional develop its expertise platform.
Taken collectively, these rounds characterize roughly €67 million invested in European logistics and TrasportTech startups throughout 2025.
Towards this backdrop, MyDello’s funding displays a broader development in direction of larger automation, real-time visibility and software-driven effectivity throughout freight forwarding and world logistics.
Frumtak Ventures basic associate Andri Heiðar Kristinsson provides: “MyDello is an superior firm: skilled founders with deep business expertise, confirmed observe file, and crystal clear imaginative and prescient for what’s subsequent. Being from Iceland, an island within the North Atlantic, we at Frumtak know first-hand how vital world logistics and freight forwarding is, whereas we additionally stay baffled by the outdated legacy expertise and guide processes nonetheless dominant on this fragmented business.
“MyDello is completely positioned to maneuver the business ahead to the AI-age by means of its formidable mission of totally automating cargo operations. MyDello additionally marks Frumtak’s first funding in an Estonian firm, a outstanding and thriving tech ecosystem that has created so many success tales.”
Based in 2021, MyDello is an Estonian logistics platform that helps companies handle worldwide shipments. It permits real-time comparability of various transport options and helps corporations choose probably the most appropriate transportation technique for his or her wants.
MyDello is an solely B2B firm, working straight with purchasers drawn from sectors resembling manufacturing, wholesale, and e-commerce. The corporate says they’re the primary digital freight forwarder to supply on the spot door-to-door pricing and routing for all freight modes (generated with a single inquiry), from 1 kg all the best way as much as 10 transport containers, drawing on agreements with 400+ carriers and partnerships with the likes of DHL, Lufthansa, Maersk, Qatar Airways, and Finnair.
Since its founding, MyDello has onboarded 12,500 companies from 110 international locations to its platform. Following YoY development MyDello is in the present day out there throughout 12 international locations in Europe and China, with the corporate on observe to cowl each European nation by 2027.
MyDello believes that an excessive amount of of the worldwide freight commerce is caught up to now – with entrepreneurship held again by paper-based techniques, negotiations and haggling, and even reliant on faxing crucial paperwork. On the identical time, companies not often know the place their cargo is at any given time.
Whereas MyDello presents its prospects a streamlined course of the place they solely need to enter the origin, vacation spot, dimensions, and weight of cargo and the expertise takes care of every little thing else.
All the shopper has to do then is select probably the most appropriate provide from the choices offered – and the transport is organized. Clients have real-time AI-powered monitoring data and countdown to supply, giving peace of thoughts that shipments are on observe, whereas it’s free to make use of for each enterprise buyer.
MyDello works extensively on excessive complexity worldwide lengthy distance freight, resembling that out and in of the EU, and has explicit focuses on China (the corporate has an workplace in Shenzhen) in addition to key buying and selling lanes between the Americas and Europe.
The corporate has already facilitated shipments between 120 international locations and far of MyDello’s enterprise is in air, ocean, and rail freight, however the firm works throughout all freight lessons.
