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Delivery specialist CitiBox closes €11M round


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BY : Diego GutiérrezJune Wed, 2019

Since the emergence of the internet, the habits and forms of consumption of citizens have gradually changed thanks to the opportunities that the web offers. One of these transformations that is having the greatest impact today is the use of delivery platforms. A sector that has achieved great popularity in just a few years to the point of contributing a total of 643 million euros to the Spanish GDP last year, with a forecast to exceed 2,000 million euros by 2020.

One of the Spanish companies operating in this segment is Citiboxdedicated to the installation of smart mailboxes in the communities to facilitate the delivery of orders.. In this way, couriers can drop off parcels even if the recipient is not at home, and the recipient is notified via the app with a unique code to open the parcel.

With the aim of increasing its network of smart mailboxes in Madrid and Barcelona, as well as to boost its international expansion, it has set up 11M€ in its investment round Serie A. This round was attended by investors including Luis Miguel Gilpérez, former president of Telefónica Spain; Santiago Fernández Valbuena, former finance and strategy director of the Telefónica group; Richard Alden, former CEO of Ono; Bernardo Hernández, former director of Google; as well as Javier Rubió, well-known investor in digital projects or José Manuel Martínez, from Corporación HMS.

Other relevant transactions that have taken place in the sector include:

PAACK

Founded at the end of 2014, it is a company specialising in ultra-fast deliveries (less than two hours) and serves both small and large retailers, such as El Corte Inglés, Decathlon or Mediamarkt.

Having raised a round of 6M€ last year, Paack has already initiated the first contacts with national and international funds in order to close a deal that would be in the region of 15M€. Already present in the main cities of the Iberian Peninsula, as well as in other European cities, they plan to launch their services in Los Angeles and other cities in France and the United Kingdom.

HAPPY BOX

This Spanish startup provides a express courier service via its web platform or through the free mobile application. Already with around 250,000 orders per year, their plans are to continue increasing this figure as well as extending their range of operations to other Spanish cities.

Happy Box passed its acceleration stage at Andalucía Open Future, and shortly afterwards closed a successful financing round with a total of 53 investors who took 16% of the capital. In addition, it will pioneer the use of autonomous robots for parcel delivery, a form of delivery on which it is already working.

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