Swotzy, a Riga, Latvia-based logistics startup, raised €500k in pre-seed funding round.
The round was led by Black Pearls VC and joined by previous investor, the Lithuanian-based FIRSTPICK. Jarosław Pilarczyk from Black Pearls VC and Andra Bagdonaitė from FIRSTPICK will join the company’s Supervisory Board.
The company intends to use the funds to accelerate product development, strengthen its presence in the Baltic market, and initiate work on data analysis tools.
Founded in August 2022 by Lauris Rutkis, Kristians Jenciuss, and Jekabs Hincenbergs, Swotzy provides SaaS shipping software, which empowers eCommerce businesses to optimise their shipping strategies, choosing the best-fit carriers for deliveries without having to navigate complex contracts, integrations, and relationships. The software allows businesses to save on shipping costs and benefit from valuable insights about delivery performance, and the best carrier setups.
FinSMEs
15/08/2023