Lithuanian grocery store jobs platform Traxlo raised €600K

Lithuanian grocery store jobs platform Traxlo raised €600K from existing investors Lithuanian fund Iron Wolf Capital, Swedish accelerator Antler, New York-based Red Pill VC, and also from new ones such as Polish Black Pearls VC, and a US business angel. 

Traxlo platform brings together local gig workers, (who have temporary jobs in the service sector as independent contractors or freelancers) who provide services to supermarket retail chains and FMCG brands. Through the mobile application Tasku, workers can find jobs in over 10 cities and across 300 locations. In Tasku, it is possible to monitor the tasks of shelf maintenance, unloading of goods, checking the expiration date of products, and others in real-time.

With this investment, Traxlo plans to fuel its growth, focusing on marketing, technological infrastructure, and operational enhancements. It aims to double its service coverage by the end of the year and increase its team. Besides, the company aims to expand in Poland.

Traxlo has two offices in Vilnius and Warsaw (Poland). It was founded by Paul Vezelis and Almantas Zemblys in 2020.

Iron Wolf Capital is a Vilnius and London-based early-stage VC. It was founded in 2018. The venture company focuses on investment in AI, IoT, SaaS, Deeptech, Fintech startups, and marketplaces. It invests from €250K to €2M.