# Miesto Logistika

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/miesto-logistika

- Industry: Consumer Services
- Headquarters: Vilnius, Lithuania
- Website: www.ziticity.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Jun 30, 2020)
- Investors on record: 5

## About

Miesto Logistika offers sustainable and efficient delivery solutions through innovative electric cargo bikes, focusing on rapid logistics services tailored for businesses in the Baltic region.Founded in 2017 in Vilnius, Lithuania, Miesto Logistika specializes in eco-friendly logistics. The company raised EUR 2.2 million in Seed funding on June 30, 2020, with investment from NordicNinja VC and other partners. Miesto Logistika has closed 2 deals to date, illustrating its growth strategy and market interest.Miesto Logistika provides on-demand, same-day, and scheduled delivery services through electric cargo bikes, catering to businesses like e-commerce and local flower shops. Their operational footprint spans Lithuania, Latvia, and Estonia, where they meet the demand for timely, green logistics solutions.For the year 2021, Miesto Logistika reported a revenue of EUR 2,370,654.30, with an EBITDA of EUR -3,951,322. This revenue structure is primarily built on partnerships with businesses seeking delivery services, including fees from each transaction.Miesto Logistika plans to expand its market presence by introducing new delivery solutions tailored to evolving business needs. The recent Seed funding of EUR 2.2 million will support these initiatives, enhancing their service offerings and operational capacity. The company is focused on expanding into additional Baltic markets by 2023, aiming to solidify its positioning in the regional logistics landscape.

## Funding rounds

- Seed, Jun 30, 2020, $2.5M — Practica Capital, Startup Wise Guys, Superhero Capital, Superangel, NordicNinja VC
- Seed, Jul 3, 2019, $0.4M — Practica Capital, Startup Wise Guys, Superangel

## Investors

- Practica Capital (https://capitalatlas.ai/funds/practica-capital) — Seed
- Startup Wise Guys (https://capitalatlas.ai/funds/startup-wise-guys) — Seed
- Superangel (https://capitalatlas.ai/funds/superangel) — Seed
- Superhero Capital (https://capitalatlas.ai/funds/superhero-capital) — Seed
- NordicNinja VC (https://capitalatlas.ai/funds/nordicninja-vc) — Seed