Budbee
Budbee AB is a Swedish tech-company operating in the last-mile logistics sector performing home deliveries of e-Commerce goods. Today Budbee operates in the largest cities in Sweden as well as in Helsinki and in Copenhagen, reaching over 6.5 million end customers.[1] Budbee is considered to have revolutionized the Nordic last-mile logistic field, utilizing innovative logistic technology, or as they call it, logtech, to place the ever changing needs of the consumer as the focal point of its operation.[2]
About Budbee[edit]
Budbee was founded 2015 by Fredrik Hamilton. The company started with operating last-mile deliveries for groceries and e-commerce. Backed by angel investors the company developed a logtech software and built up infrastructure to develop a modern last-mile logistics service in Stockholm.
Late 2016 the company started to focus on only e-commerce packages, operating home deliveries for e-retailers such as Apotea and Bangerhead.[3] With great success in Stockholm Budbee expanded to Malmö and Gothenburg in 2017.
2018 was a year of great importance for Budbee. In May 2018 Kinnevik invested 80 MSEK for a 20% stake of the company.[4] With volumes continuously increasing the company reached an all time high of packages delivered on Black Friday in November and increased their volume with 400% from the year before.
Following success in the Swedish cities of Stockholm, Gothenburg, and Malmö, Budbee decided to focus on international expansion, launching in Helsinki in October 2018 followed by Copenhagen in January 2019.[5] In April 2019 Budbee received additional funding of 50 MSEK from Kinnevik and the H&M Group. With the help of the newly issued capital, Budbee is expected to launch nationwide in the Netherlands in the early fall of 2019. Simultaneously with the international expansion, Budbee has increased their market presence in Sweden, expanding to the smaller cities of Västerås, Örebro, Helsingborg, and Uppsala in H1 2019 with the goal of reaching the majority of the Swedish population by the end of 2019.[6]
References[edit]
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