Budbee, a Stockholm, Sweden-based last-mile delivery startup, raised €4.8m in funding.
Backers in the round, which valued it at almost €100m, included the H&M Group and Kinnevik.
The company intends to use the funds to expand into the Netherlands.
Led by CEO Fredrik Hamilton, Budbee is a technology company that operates a modern last-mile logistics service specialized for e-commerce businesses, which it calls Logtech. In 2016, the company launched by introducing home deliveries and today offers its services to more than 6,5 million people in people in Stockholm, Gothenburg, Malmö, Helsinki, and Copenhagen.
It now aims to continue to expand its business reach in Europe.