# Jumingo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jumingo

- Industry: Logistics & Distribution
- Headquarters: Cologne, Germany
- Website: www.jumingo.com
- Total disclosed funding: $1.1M
- Latest round: Angel (Mar 17, 2020)
- Investors on record: 1

## About

Jumingo GmbH is a shipping platform that aggregates services from various providers, offering competitive shipping rates and tools, allowing users to manage shipments efficiently and save costs.Founded in Cologne, Germany in 2017 by Kai Kleuser and Sascha Goldstein, Jumingo GmbH operates as a shipping platform that consolidates multiple service providers. The company has engaged in two deals, with the latest funding round occurring in August 2022, where they raised EUR 1.000 mn in an Angel round led by TS Ventures. Jumingo has a current valuation of EUR 6.893 mn.Jumingo operates as a comprehensive shipping platform that aggregates various shipping service providers to offer competitive shipping rates and management tools. Their core offerings include a shipping cost calculator, enabling significant savings of up to 80%, global shipping to over 230 countries, and services like shipment tracking, return solutions, and invoice management, targeting e-commerce businesses and logistics. Jumingo serves over 250,000 customers primarily in Europe, especially in Germany, Austria, and Switzerland.Jumingo's revenue model is based on transactional fees for shipping services. The company partners with shipping providers to offer competitive rates without long-term contracts or minimum order requirements. Their platform allows clients to select shipping services, print labels, and manage shipments in real-time, supporting a straightforward transaction process without subscription models.In August 2022, Jumingo GmbH raised EUR 1.000 mn in funding from Equivia Partners and neoteq Ventures, which will be allocated towards the expansion and development of their product offers. The company aims to enhance its service offerings and is exploring opportunities to enter new geographic markets within Europe, although specific target markets and timelines have not been disclosed.

## Funding rounds

- Angel, Mar 17, 2020, $1.1M — TS Ventures

## Investors

- TS Ventures (https://capitalatlas.ai/funds/ts-ventures) — Angel