Estonian startup MyDello raises €3.1M

Estonian logistics startup MyDello has raised €3.1M from Icelandic Frumtak Ventures and Finnish Superhero Capital. Frumtak Ventures General Partner Andri Heiðar Kristinsson and Jevgeni Kabanov, President of Bolt, joined the Board of Directors of MyDello.

Founded in Tallinn in 2021 by Magnus Lepasalu, Joel Timm, and Siimu Kaas, MyDello is a digital portal for organizing cargo transportation. The customer needs to mark down his departure and destination points and add the weight and size of his shipment. He can insert additional information, such as packing type or quantity. In addition, it is possible to choose a preferred transport option: air, rail, road, or ocean. In 2023 MyDello raised €1,25M from lead investor Finnish Superhero Capital, President at Estonian mobility unicorn Bolt Yevgeny Kabanov, and angel investors. So far, the platform has worked in the Baltic States, Sweden and China. However, by the end of 2026, the startup plans to operate in at least 20 European countries.

Frumtak Ventures is a venture capital firm founded in 2008 and based in Reykjavik, Iceland. The company's goal is to invest in companies that can become leaders in their field and not only make a profit, but also contribute to the betterment of society.

Superhero Capital is a venture capital firm founded in 2015 in Helsinki, Finland. Specializes in early stage investments in startups from Finland and the Baltic States. The firm focuses on B2B programs and services in various sectors, including medical technology, fintech, IoT, SaaS, and others.