Milkman Raises €25M in Third Funding

Milkman, a Milan, Italy-based logistics platform which offers a same-day delivery service and a tracking system, raised €25m in third funding.

Backers included Poste Italiane, P101 sgr, Italia500, Vertis and 360 Capital.

The company, which has raised €35M in total funding, intends to use the capital to continue to expand operations and its business reach.

Co-founded in 2015, Milkman provides a delivery service focusing on the last mile, which enables customers to select different options including same-day, the exact hours with delivery within 30 minutes and and offering real time tracking tools.

Milkman has recorded over 400k deliveries in the first quarter of 2020.

Clients include Eataly Today, Coop, Nespresso, Zara, and Tannico.

The company and Poste also signed a cooperation deal to launch MLK Deliveries, which will offer Poste’s clients a premium delivery service.



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