MyDello, a Tallinn-based digital freight forwarding platform dedicated to simplifying global trade, announced it has closed a €3.1 million funding round. The round was led by Frumtak Ventures, with participation from early investor Superhero Capital.
About MyDello
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MyDello, founded in 2021 by Magnus Lepasalu, Joel Timm, and Siimu Kaas, is a digital-first freight forwarding platform designed to simplify global logistics. The platform offers instant, guaranteed quotes and a unified dashboard for managing air, rail, ocean, and road freight.
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MyDello supports businesses streamline their supply chain management, providing real-time tracking and reducing logistics costs by 15-20%. The platform offers transparency and ease of utilize, centralizing all shipping information in one place.
Investment details
The round was led by the Icelandic fund Frumtak Ventures, with significant follow-on participation from early investor Superhero Capital.
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Frumtak Ventures is an Icelandic venture capital fund that invests in ambitious, technology-driven companies with the potential for global impact.
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Superhero Capital is a Helsinki-based venture capital fund investing up to €1 million of initial capital in early-stage software startups across Finland and the Baltics. Primarily tarreceiveing early-stage companies that demonstrate innovative potential in the New Nordics region.
The €3.1 million investment will support MyDello’s AI-powered predictive logistics, focutilizing on automating shipment tracking and operations by 2026. It will also fuel strategic market expansion, with immediate plans to grow in the UK and Iceland, and drive further development of MyDello’s digital platform.
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