tiramizoo, a Munich, Germany-based delivery optimization startup, closed an investment round of undisclosed amount.
The round was led by Shell Technology Ventures B.V. with co-investment from Daimler AG. In addition to Shell and Daimler, tiramizoo’s major investors including DPD Germany, Bayerische Beteiligungsgesellschaft and Bayern Kapital are maintaining their investments.
The company intends to use the funds for the development of its urban logistics platform and the pursuit of new business models in the Asia-Pacific region.
Established in 2010 by Michael Löhr, Volker Schneider and Philipp Walz, tiramizoo operates last-mile and same-day app, platform and smart back-end technology which interfaces retailers with customers to schedule local delivery services of their purchases in over 150 cities in Germany, Austria, Sweden and The Netherlands.
The company already serves international retailers such as Zalando, MediaMarkt and Saturn.
The financial transaction will also allow STV and tiramizoo to combine their knowledge of digitally enabled mobility services, extending the existing tiramizoo platform to build new products and expand to new markets.