# Citibox Smart Services, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citibox-smart-services-s-l

- Industry: Consumer Services
- Headquarters: Madrid, Spain
- Website: www.citibox.com
- Total disclosed funding: $6.6M
- Latest round: Series A (May 29, 2018)
- Investors on record: 5

## About

Based in Spain, Citibox Smart Services, S.L. offers innovative parcel box solutions that streamline package delivery for urban residents, enhancing convenience through secure access to deliveries even when users are not home.Citibox Smart Services, S.L. specializes in developing smart mailbox systems for residential buildings. Founded in 2015 in Madrid, Spain, by David Moliner, the company has secured a total of EUR 11.000 mn across 8 funding deals, with its latest round being a Series A in July 2024. Citibox has expanded its services into international markets, aiming to improve delivery logistics in urban areas.Citibox specializes in providing innovative parcel box solutions designed to streamline the process of receiving online purchases. The core offering involves the installation of secure parcel boxes in the lobbies of residential buildings, allowing users to receive packages even when they are not home. This service is facilitated through the Citibox app, where users can register, receive notifications upon delivery, and access their packages at their convenience. The target customer base includes individual residents, building managers, and courier companies, operating primarily in urban environments where delivery challenges are prevalent. Citibox aims to enhance convenience for end users while simultaneously addressing environmental concerns, such as reducing CO2 emissions associated with last-mile delivery. The company has expanded its services across various geographical markets, including France and other urban areas, supporting a growing clientele of over 500,000 satisfied users.Citibox generated revenue of EUR 1,495,853 in the most recent year of 2021, with an EBITDA of EUR -3,770,307. The company primarily earns through partnerships with residential buildings and courier services, facilitating seamless delivery operations without cost to building managers, while ensuring secure package access for residents.In July 2024, Citibox Smart Services, S.L. raised EUR 80 million in venture debt funding from new investors Growth Credit Partners and CoVentures. This funding will be utilized to expand its network of smart mailboxes throughout Spain, aiming to increase its presence and improve delivery logistics in urban settings as part of its growth strategy.

## Funding rounds

- Series A, May 29, 2018, $5.8M — Solon Ventures, Bonsai Venture Capital, Big Sur Ventures
- Seed, Jun 25, 2015, $0.8M — Big Sur Ventures, Pinama Inversiones, Demium Startups

## Investors

- Big Sur Ventures (https://capitalatlas.ai/funds/big-sur-ventures) — Seed, Series A
- Pinama Inversiones (https://capitalatlas.ai/funds/pinama-inversiones) — Seed
- Demium Startups — Seed
- Solon Ventures (https://capitalatlas.ai/funds/solon-ventures) — Series A
- Bonsai Venture Capital (https://capitalatlas.ai/funds/bonsai-venture-capital) — Series A