Santander’s independent venture capital spinoff has led a series B round for byrd, which increased the business’ total funding to $30.8m.
Austria-based logistics management software provider Byrd has collected €16m ($19m) in a series B round led by Mouro Capital, the venture capital firm funded by financial services firm Santander.
The round, which increased Byrd’s overall funding to $30.8m, also included VC firms Speedinvest, Verve Ventures and VentureFriends as well as investment firm Rider Global.
Byrd operates an online platform that enables businesses to outsource and manage their e-commerce fulfilment logistics activities. That platform connects more than 200 online retailers to fulfilment centres and shipping services located across Europe.
The proceeds of the series B round will enable Byrd to expand its fulfilment network into eastern, northern and southern Europe. The funding will also be used to scale the company’s existing operations and support recruitment.
Byrd raised $5.9m in a series A round in July 2020 that was led by Rider Global and backed by VentureFriends, FJ Labs, Speedinvest, Reflex Capital, KK Incube and private investor Hermann Hauser.
Pioneers Ventures, KK Incube and Hermann Hauser’s investment unit supplied €370,000 to Byrd in 2016.
