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Luckabox closes an oversubscribed seed-round to fuel expansion

15.04.2019 16:25

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A seven-figure round in Seed funding will enable LuckaBox to set foot into the DACH region and enhance its logistics on-demand technology. Luckabox also welcomes Kenneth Crookston, former Head of Engineering at eBay, as the new CTO.

Luckabox developed an on-demand delivery management platform connecting enterprises with courier-services to facilitate on-demand and same-day delivery within a 2 hour time-frame.

In a recent oversubscribed seed financing round, the startup raised a seven-digit amount from existing investors and new investors including the Swiss ICT Investor Club (SICTIC), Alpana Ventures and a new fund, DAA Capital Partners. The funds will fuel expansion into Germany and Austria as well as into enhancing the LuckaBox on-demand technology for the growing number of customers.

“Following the latest announcements of collaborations and customers, LuckaBox’s standing as a key and enabling technology in the on-demand logistics market has been validated one more time with this oversubscribed round. Our management team is thrilled by the investors’ confidence and interest,” said LuckaBox’s CEO, Aike Festini.

Bertrand Müller from DAA Capital Partners, who has been closely following the successful progress of the company, commented: “Clearly, LuckaBox is well-positioned to address major pain points in logistic trends, namely on-demand same day delivery. We particularly appreciate that such a young company has been able to attract top industry talents. Being able to consistently surprise on the upside and to compress sales cycle bodes well for the company's future.”

From eBay to Luckabox
Luckabox has also hired that Kenneth Crookston, former Head of Engineering at eBay to the position of Chief Technology Officer (CTO).
Crookston will lead the optimization of a central technology strategy for LuckaBox - both in terms of the IT infrastructure that supports the company’s day to day operation and the products they are building in pursuit of our vision.

(Press release/ran)

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