Byrd expands further into Germany

The logistics start-up raises 16 million euros and plans to use the money for further expansion.

Austrian start-up Byrd has raised €16 million in its Series B funding round and plans to use the money for expansion. The logistics start-up is looking to enter five new markets, as well as expand its existing offices in Germany, France, the UK and Austria. By the end of the year, Byrd's team is expected to double to 200 employees. The start-up has 15 warehouses across Europe.

Byrd offers online shops to outsource their entire logistics. The start-up offers cloud-based software for this purpose. Byrd takes care of warehousing, order processing, shipping and returns. Its customers include Scholl and Durex.

"Byrd's comprehensive range of services, focus on sustainability and the strong brands in its portfolio set it apart from its competitors," said Manuel Silva Martínez, general partner at London-based Mouro Capital, which led the funding round. Existing investors, Speedinvest of Vienna, Verve Ventures of Zurich, Rider Global of Cyprus and Greek VC VentureFriends also participated in the round. Byrd was spun out of an incubator at the Vienna University of Technology in 2016.