# byrd technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/byrd-technologies

- Industry: Logistics & Distribution
- Headquarters: Vienna, Austria
- Website: www.getbyrd.com
- Total disclosed funding: $82M
- Latest round: Series C (Apr 14, 2022)
- Investors on record: 11

## About

byrd technologies GmbH is a fulfillment partner that specializes in sustainable e-commerce solutions, offering integrated logistics to streamline order processing and shipping for online retailers across Europe.Founded in 2016 in Vienna, Austria, byrd technologies GmbH provides fulfillment services tailored to e-commerce. The company has undergone strategic growth and received Series C funding, raising EUR 53.000 mn in April 2022 from lead investor Cambridge Capital, alongside participation from Elevator Ventures and others. The firm operates multiple warehouses across Europe, enhancing delivery times and efficiency. The founders, Alexander Leichter, Petra Dobrocka, and Sebastian Mach, have a history of driving innovation in logistics. As of the latest funding, the total amount raised stands at EUR 53.000 mn from 5 different deals.byrd operates as a comprehensive fulfillment partner specializing in sustainable e-commerce solutions. The company’s core offerings include an integrated logistics network that streamlines the fulfillment process for online retailers, facilitating the rapid processing and shipping of orders. Through advanced technology, including an API that allows seamless integration with existing ERP and inventory management systems, byrd ensures the efficient transfer of order data, enabling same-day shipping for domestic parcels and optimizing shipping costs. The company serves a diverse client base that spans multiple industries, including e-commerce businesses across Europe, where it operates multiple warehouses to enhance operational efficiency and minimize delivery times. Byrd focuses on addressing key challenges such as shipping cost reduction, improved delivery timelines, and enhanced customer satisfaction, while also prioritizing eco-friendly practices within its operations.byrd generates revenue through a transactional model that supports various e-commerce businesses, primarily through partnerships and direct services. Clients utilizing byrd's fulfillment solutions benefit from a pricing structure that typically encompasses service fees tied to order volume and shipping costs, which may vary based on factors such as destination and package size. This model allows retailers to effectively manage their logistics while maximizing operational efficiency. Furthermore, byrd's emphasis on customer service is a critical component of its revenue strategy, with support teams addressing post-sale issues such as returns and exchanges. The company's commitment to sustainability and efficient logistics not only enhances its service offerings but also positions it favorably in a competitive market that increasingly prioritizes eco-conscious choices.Following the recent Series C funding round in April 2022, byrd technologies GmbH plans to enhance its operations in existing markets while expanding its business into Sweden, Denmark, and Poland. The EUR 53.000 mn raised will specifically support these growth initiatives, aimed at increasing market presence and optimizing service offerings. The company is also expected to continue designing new products to further streamline fulfillment processes, although specific release dates for these innovations have not yet been disclosed.

## Funding rounds

- Series C, Apr 14, 2022, $57M — Speedinvest, Mouro Capital, Cambridge Capital, Elevator Ventures
- Series B, Jun 16, 2021, $19M — Speedinvest, Mouro Capital, FJ Labs, VentureFriends, Rider Global, Verve Ventures
- Series A, Jun 15, 2020, $5.6M — Speedinvest, Reflex Capital, FJ Labs, VentureFriends, KK Incube Invest Management, Hermann Hauser Investment, Rider Global

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series A, Series B, Series C
- Reflex Capital (https://capitalatlas.ai/funds/reflex-capital) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- VentureFriends (https://capitalatlas.ai/funds/venturefriends) — Series A, Series B
- KK Incube Invest Management — Series A
- Hermann Hauser Investment (https://capitalatlas.ai/funds/hermann-hauser-investment) — Series A
- Rider Global — Series A, Series B
- Mouro Capital (https://capitalatlas.ai/funds/mouro-capital) — Series B, Series C
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series B
- Cambridge Capital (https://capitalatlas.ai/funds/cambridge-capital) — Series C
- Elevator Ventures (https://capitalatlas.ai/funds/elevator-ventures) — Series C