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Budbee
eCommerce shopping solutions
- 201-500 employees
- B2B
- Logistics
- Supply Chain
- Mobile
- Vasastan, Stockholm, Stockholm County
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Company mission
To make the online shopping experience easier.
-8% employee growth in 12 months
Our take
Last-mile delivery company Budbee specialises in eCommerce parcel delivery, delivering directly to customers’ homes or through its expansive network of smart parcel lockers. Providing same or next-day delivery options is an increasingly desirable option for consumers, and Budbee’s sustainable and innovative delivery systems have seen more than 35 million people across 5 countries benefit from these options.
The last-mile delivery industry has become an increasingly competitive space, however, the turbulent economic landscape has affected even some of the most prominent companies, such as US grocery delivery company Instacart and food delivery service JustEat. While Budbee operates within a different market, its strategic consolidation with Instabox is a smart move to pre-emptively avoid some of the same challenges. With a previous valuation of ~$700 million, the merger of Budbee and Instabox (Instabee) has come with a new $1.7 billion valuation, a sparkling reflection of the company's success so far.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Hybrid/Remote Work Opportunities
Company values
- We Are In It For The Long Run - We always invest in the future. For our sake, for our customers’ sake, and for the sake of the planet
- We Build On Transparency - Our employees and partners know what to do today and where we are heading tomorrow
- We Are Brave - We have always been early in making bold decisions and we dare to invest
Funding (last 2 of 7 rounds)
May 2022
$36.3m
LATE VC
Jan 2021
$47.6m
LATE VC
Total funding: $125.3m
Leadership
Fredrik Hamilton
(CEO)Co-Founder & CEO of Instabee, Budbee's parent company.
Axel Moller
(Technical Advisor to CEO)As a founding team member, they initially served as CTO of the company.