Expanding Horizons: MyDello’s €3.1 Million Investment and Major Partnerships

MyDello Raises €3.1M to Expand Internationally

Tallinn-based shipping logistics platform MyDello has secured €3.1 million in new funding to accelerate its international expansion efforts. The company is set to launch its services in the UK starting in December.

Investment Details

The investment round was led by Icelandic VC Frumtak Ventures, with participation from existing investor Finnish early stage VC Superhero Capital. Frumtak Ventures general partner, Andri Heiðar Kristinsson, and Jevgeni Kabanov, President of Bolt, have joined the board.

MyDello co-founder and CEO Joel Timm expressed his excitement about the funding, emphasizing the company’s commitment to revolutionizing the logistics industry through technology and innovation.

European Logistics Funding Trends

MyDello’s funding round aligns with the ongoing investment trends in European logistics and FreightTech startups. Other companies like Lyzer, Qargo, Rail-Flow, Tilla, Quivo, and Sedna Communications have also secured significant funding for their expansion and development.

Overall, approximately €67 million has been invested in European logistics and TransportTech startups in 2025.

Automation and Efficiency in Logistics

The funding received by MyDello reflects the industry’s shift towards automation, real-time visibility, and software-driven efficiency in freight forwarding and global logistics.

Andri Heiðar Kristinsson from Frumtak Ventures commended MyDello for its industry expertise and vision to modernize shipment operations through automation.

About MyDello

Founded in 2021, MyDello is an Estonian logistics platform that specializes in helping businesses manage international shipments. The platform offers real-time comparison of shipping solutions and assists companies in selecting the most suitable transportation methods.

MyDello caters exclusively to B2B clients in sectors such as manufacturing, wholesale, and e-commerce. The company provides instant door-to-door pricing and routing for all freight modes, collaborating with over 400 carriers and partnering with industry leaders like DHL, Lufthansa, Maersk, and Finnair.

With a growing customer base and expansion plans, MyDello aims to cover every European country by 2027.

Streamlined Logistics Process

MyDello simplifies the shipping process for its customers by offering a streamlined platform where users only need to input cargo details. The platform then handles the rest, allowing customers to choose the best offer and track their shipments in real-time.

MyDello focuses on high-complexity international freight, particularly in and out of the EU, with a strong presence in air, ocean, and rail freight.

Future Outlook

As MyDello continues to innovate and expand its services, the company remains dedicated to modernizing the global freight trade and enhancing efficiency in logistics operations.