Czech Delivery Network Grid.online Raises €4 Million to Fuel Growth
Grid.online, a Czech company building shared infrastructure for parcel delivery, has secured €4 million to expand its network after achieving over 1 million deliveries in its first year with nearly 2,000 active couriers.
Investment and Growth
Grid.online, the Czech startup developing shared infrastructure for first- and last-mile parcel delivery, has raised €4 million in a funding round led by DFF Ventures and co-led by Movens Capital, with participation from angel investors. The company plans to use the capital to scale its collaborative delivery network further.
Rapid Delivery Volume Increase
In its first year of operation, Grid.online has seen parcel volumes grow more than tenfold, surpassing 1 million deliveries. The network now boasts almost 2,000 active couriers, enabling flexible and efficient last-mile logistics.
Investor Confidence and Expansion Plans
The investment round underscores confidence in Grid.online's model, which aims to optimize urban delivery through shared resources. With fresh funding, the company intends to expand its geographical footprint and enhance its technology platform, targeting both the Czech market and international expansion.
