# Budbee Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/budbee-holding

- Industry: Consumer Services
- Headquarters: Stockholm, Sweden
- Website: www.budbee.com
- Total disclosed funding: $1.2M
- Latest round: Series B (Apr 17, 2020)
- Investors on record: 5

## About

Budbee Holding AB is a logistics company focused on delivering and returning online parcels with a strong emphasis on convenience and sustainability.Budbee Holding AB, founded in 2016, is headquartered in Stockholm, Sweden, and specializes in logistics solutions for online parcel delivery and returns. The firm has engaged in 9 total deals, with its most recent funding round occurring on May 20, 2022, where it raised SEK 400 million from investors including CNI Nordic, H&M Group Ventures, and Kinnevik. As of the latest funding, the company has a valuation of SEK 7300 million. The founder's specifics were not available, and the company does not appear to have undergone significant strategic pivots or ownership changes since its inception.Budbee specializes in providing innovative logistics solutions focused on the delivery and return of online parcels. The company's primary offerings include home delivery services and the Budbee Box system, which allows customers to collect and return parcels at designated lockers. These services are characterized by their flexibility, enabling users to choose delivery options that fit their schedules, including evening home deliveries and daytime locker pickups. Additionally, Budbee emphasizes sustainability by utilizing renewable diesel and electricity for its operations, specifically HVO100 fuel. The company serves a diverse client base across several geographical markets, including Sweden, Finland, Denmark, the Netherlands, and Belgium, targeting both individual consumers and online retailers looking for efficient delivery solutions.Budbee generates revenue through a combination of direct-to-consumer transactions and partnerships with e-commerce retailers. In the most recent year, 2022, the company reported a revenue of SEK 86,636,610.80 with an EBITDA of SEK 45,761,273.40. The firm offers a membership model, providing customers with the first 30 days free, followed by a monthly subscription fee. Customers can experience flexible delivery options, such as home delivery and locker services, which are designed to cater to varying consumer needs. The transaction structure allows users to book deliveries or returns through the Budbee app, ensuring a seamless process that is both label-free and user-friendly. Specific pricing information includes standard membership costs, which after the free period are structured at a monthly rate. Budbee’s approach to logistics effectively positions it within the growing market of online shopping, leveraging customer preferences for convenience and sustainability.In May 2022, Budbee Holding AB raised SEK 400 million in venture funding, which will be utilized to extend bank loans. The company has plans for future growth that include the potential launch of new products designed to enhance their logistics services, although specific products and release dates were not disclosed. Additionally, Budbee is targeting expansion into new geographical markets, but specific regions for expansion have yet to be announced.

## Funding rounds

- Series B, Apr 17, 2020 — Kinnevik, CNI Nordic, H&M Group Ventures
- Seed, Mar 29, 2016, $1.2M — 41:an Invest, Flat Capital

## Investors

- 41:an Invest — Seed
- Flat Capital (https://capitalatlas.ai/funds/flat-capital) — Seed
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series B
- CNI Nordic (https://capitalatlas.ai/funds/cni-nordic) — Series B
- H&M Group Ventures — Series B