Delivery optimization startup gets seed financing from VC fund Gap Minder

06 August 2020

Romanian technology startup Innoship has obtained a EUR 550,000 seed financing from local venture capital fund GapMinder.

Innoship has developed a SaaS (software as a service) solution enabling e-commerce businesses to integrate and orchestrate multiple last-mile delivery options.

According to the company, the investment comes at a mere six months from the commercial launch of the solution based on its impressive adoption rate.

The company implemented the Innoship solution for its first customers at the beginning of 2020 and currently manages approximately 20,000 daily orders. The Innoship solution can be integrated with all large e-commerce platforms, warehouse management systems, ERP (enterprise resource planning), fulfillment, and marketplace active in Romania and regionally.

Its client portfolio includes some of the most well-known names in the local e-commerce and distribution ecosystem, such as Miniprix, Kalapod, OLX, Depanero, Network One Distribution, Dentstore, Oralix, Topline, xpertbeauty.ro, Arco Expert, Algernon, green-future.ro, mezoni.ro, Generalmotor, and many others.

The seed investment round received from GapMinder VC will stimulate the accelerated growth of Innoship adoption among retailers active on the Romanian market and its first steps towards internationalization while speeding up the development of new functionalities for its platform, the company said.

Innoship optimizes the interactions between retailers and carriers, streamlining the costs of courier services by up to 25% and increasing delivery performance by up to 15% through a dynamic order allocation based on criteria selected by the retailer in the platform.

The startup was founded in 2019 by a team of seniors in the retail, supply chain, courier, and IT sectors.

The founding partners - Daniel Nicolae, Andrei Paul, Dan Ungureanu, and Robert Tănase - have a long experience in companies such as Orange, Penny, and Urgent Cargus. Cătălin Grigorescu, one of the most well-known technology lawyers in the country and the region, joined the team in 2020, as investor and strategy and business advisor.

(Photo: Pixabay)

editor@romania-insider.com

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Delivery optimization startup gets seed financing from VC fund Gap Minder

06 August 2020

Romanian technology startup Innoship has obtained a EUR 550,000 seed financing from local venture capital fund GapMinder.

Innoship has developed a SaaS (software as a service) solution enabling e-commerce businesses to integrate and orchestrate multiple last-mile delivery options.

According to the company, the investment comes at a mere six months from the commercial launch of the solution based on its impressive adoption rate.

The company implemented the Innoship solution for its first customers at the beginning of 2020 and currently manages approximately 20,000 daily orders. The Innoship solution can be integrated with all large e-commerce platforms, warehouse management systems, ERP (enterprise resource planning), fulfillment, and marketplace active in Romania and regionally.

Its client portfolio includes some of the most well-known names in the local e-commerce and distribution ecosystem, such as Miniprix, Kalapod, OLX, Depanero, Network One Distribution, Dentstore, Oralix, Topline, xpertbeauty.ro, Arco Expert, Algernon, green-future.ro, mezoni.ro, Generalmotor, and many others.

The seed investment round received from GapMinder VC will stimulate the accelerated growth of Innoship adoption among retailers active on the Romanian market and its first steps towards internationalization while speeding up the development of new functionalities for its platform, the company said.

Innoship optimizes the interactions between retailers and carriers, streamlining the costs of courier services by up to 25% and increasing delivery performance by up to 15% through a dynamic order allocation based on criteria selected by the retailer in the platform.

The startup was founded in 2019 by a team of seniors in the retail, supply chain, courier, and IT sectors.

The founding partners - Daniel Nicolae, Andrei Paul, Dan Ungureanu, and Robert Tănase - have a long experience in companies such as Orange, Penny, and Urgent Cargus. Cătălin Grigorescu, one of the most well-known technology lawyers in the country and the region, joined the team in 2020, as investor and strategy and business advisor.

(Photo: Pixabay)

editor@romania-insider.com

Normal
 

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