MyDello Secures €3.1M To Drive International Expansion

Frumtak Ventures general partner Andri Heiðar Kristinsson and Jevgeni Kabanov, President of urban mobility company Bolt and a previous investor in MyDello, have joined the board.

Freight and shipping across all transport modes account for an estimated 10–12 percent of the global economy, with maritime shipping handling most international trade by volume. Despite this, the sector still relies heavily on manual workflows, paper documentation, fragmented communication, and limited real-time shipment visibility.

Founded by experienced logistics professionals, MyDello aims to address these challenges by digitalising international freight processes and reducing inefficiencies in global supply chains.

Its B2B platform, designed for manufacturing, wholesale, and e-commerce customers, provides instant door-to-door pricing and routing across freight modes from a single inquiry. The platform is supported by agreements with 400+ carriers and partnerships with companies like DHL, Lufthansa, Maersk, Qatar Airways, and Finnair.

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Businesses enter shipment details (origin, destination, dimensions and weight) to compare quotes, book transport, and track deliveries in real-time with an AI-powered delivery countdown. The focus is on complex long-distance international freight, including routes in and out of the EU, China-linked trade and lanes between the Americas and Europe.

In a statement earlier this year, MyDello co-founder Magnus Lepasalu highlighted that sustainability is becoming a bigger priority in logistics. The company's platform is designed to help customers make more informed, sustainable choices, an approach it now plans to scale following the new funding.

Since launching in 2021, MyDello has facilitated thousands of shipments and established partnerships with hundreds of carriers and industry participants.

When we launched MyDello in 2021 we knew there was a better way for our industry to operate and in just a few years we have facilitated thousands of shipments, built up a deep customer base, and struck partnerships and agreements with hundreds of key carriers and industry peers. However, this is just the start, and we’re overjoyed to welcome Frumtak Ventures, and we thank them and our returning investors for their support, adds MyDello co-founder and CEO Joel Timm.

The company has onboarded 12,500 businesses from 110 countries and currently operates in 12 countries across Europe and China, with plans to expand further across Europe by 2027.

The investment will support the company’s international expansion, beginning with the UK, where the platform is expected to launch for customers in December. MyDello also aims to deepen AI integration into its systems, with the goal of automating most shipment operations by the end of 2026.

About MyDello

MyDello is redefining global logistics with a single platform and search engine for shipping. It provides instant quotes and guaranteed prices across all freight modes, simplifying international shipping and removing complexity, uncertainty and stress for businesses moving goods worldwide.