Romanian startup Frisbo attracts two million USD to expand and strengthen its European network of halls
Romanian startup Frisbo, the e-fulfillment platform which takes over the storage, packaging and delivery of online orders, attracted an investment of 2 million USD in a round led by the Eleven Ventures investment fund, with the participation of GapMinder Ventures, RocaX and Neogen.
Founded by entrepreneurs Bogdan Colceriu, Laura Frincu and Vlad Tarziu, the Frisbo platform previously received an investment of 1.2 million Euro in 2019, in a round led by GapMinder Venture Partners, with the participation of ROCA X, Neogen and Mircea Ilea . At that time, Frisbo managed to increase its value four times compared to the first round of investments raised in 2017 by the Cluj businessman Mircea Ilea. The company also attracted investments in 2018 from the Neogen group and the Risky Business fund.
Currently, more than 20 logistics centers in Romania, the Republic of Moldova, Hungary, Slovakia, Bulgaria, Poland, Germany, the Czech Republic and Chile are active in the Frisbo network, serving over 200 online merchants, integrating with the most popular e-commerce platforms and marketplaces in the region.
Customers in Frisbo’s portfolio include companies such as Xiaomi’s official representative in Romania and Hungary (www.mi-home.ro and www.mi-home.hu), Bitdefender, Aosom, Morphy Richards, foodpanda, Meli Melo or Intercars.
“The funds raised in this new round of financing will mainly help us to continue our expansion plans in Europe and beyond, especially at a time when global e-commerce is experiencing unprecedented growth. Currently, we are the largest European e-fulfillment network with next-day delivery and we want to consolidate this position,” said Bogdan Colceriu, founder of Frisbo.