Swedish logistics disruptor Instabox raised €36M funding; pushing its valuation to €100M. The investment round was led by Creades, a Swedish investor and London-based credit specialist CORDET. The new fund will be used to fuel further expansion of its smart parcel lockers in both the existing and new European markets. Also, it will focus on growing the team.
Instabox handles logistics for e-commerce retailers and provides same-day delivery via its network of last-mile smart delivery lockers. Instabox is a delivery service exclusively available to selected online partners. They deliver parcels via one of their hundreds of smart boxes in Sweden. Seven days a week, as it should be. Their service reaches about six million Swedes and delivers products from the likes of H&M, Ikea, and Lloyds.