DoDo Group, a Prague, Czech Republic-based provider of a B2B logistics technology platform, raised €60M in Series B funding.
The round was led by EC Investments and J&T Capital with participation from Rockaway Capital.
The company intends to use the funds to further develop its data-driven logistics platform and expand into Western and Southern Europe.
Led by CEO Michal Menšík, DoDo provides a last-mile B2B logistics technology platform, which currently operates with about 2,000 couriers and 1,250 vehicles in Czech Republic, Slovakia, Poland, Germany, Austria, Hungary and Bulgaria.
The funds follow a year which saw the company nearly double its annual revenue to almost €40m with plans to double its turnover once again to over €80m in 2022.
FinSMEs
03/05/2022