# OGOship

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

- Industry: Logistics & Distribution
- Headquarters: Helsinki, Finland
- Website: www.ogoship.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Apr 9, 2020)
- Investors on record: 1

## About

OGOship Ltd is a Helsinki-based third-party logistics provider specializing in eCommerce fulfillment services for small to medium-sized retailers. Their solutions enhance supply chain efficiency and customer satisfaction.Founded in 2011 in Helsinki, Finland, OGOship Ltd focuses on delivering third-party logistics services tailored for eCommerce businesses. The company has successfully secured a total of 3 deals, with its most recent funding round occurring on November 18, 2021, when it raised EUR 4 million in pre-Series A funding led by Flashpoint, alongside participation from Innovestor and Anchor Group. Timo Toivonen serves as the CEO, and he co-founded the company with Pekka Ylenius.OGOship specializes in third-party logistics (3PL) eCommerce fulfillment services aimed at small to medium-sized online retailers. Their offerings include order fulfillment, inventory management, returns processing via a Returns Portal, and an Order Management System named myOGO. By utilizing a multi-warehouse network, OGOship reduces shipping times and carbon emissions, serving clients across various eCommerce platforms, including Shopify and WooCommerce, primarily in Europe and North America.In 2023, OGOship reported a revenue of EUR 7,814,719.30 with an EBITDA of EUR -44,540.40. The company's revenue model is based on partnerships with eCommerce retailers, charging for logistics services according to the volume of shipments and services provided, ensuring flexibility for clients.Following a funding round in November 2021, where OGOship raised EUR 4 million, the company intends to accelerate its growth and establish a pan-European fulfillment network. The funding will support the development of new products and the expansion into additional markets aimed at enhancing its logistics capabilities. Specific details regarding upcoming product launches or targeted geographic regions for expansion have not been disclosed.

## Funding rounds

- Seed, Apr 9, 2020, $1.6M — Maki.vc

## Investors

- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed