Furgo.io SL

Furgo. io is a Barcelona-based logistics platform focused on last-mile delivery of bulky items, connecting consumers and businesses with transport providers for efficient shipping solutions. Founded in 2016 and headquartered in Barcelona, Spain, Furgo. io SL specializes in the logistics sector, facilitating the last-mile delivery of oversized items.

The company has undergone no significant pivots in business strategy since its inception. The founder, Cesar Lopez, has established a presence in this market following his previous experiences in related sectors. Furgo. io successfully raised EUR 0.

280 million in funding in January 2017 from investors including Avenue Capital Group and Empresa Nacional de Innovacion, which contributed to the total amount raised of EUR 0. 280 million. Furgo. io offers a logistics platform specifically designed for the last-mile delivery of bulky items.

The core service enables users to communicate their shipping requirements, including the items to be sent, pickup and delivery locations, and timelines. Users can engage with transport providers directly through a chat feature, allowing for negotiation and selection of offers based on specific needs. This facilitates a streamlined process where users can receive multiple shipping quotes in a matter of minutes. The platform primarily serves end consumers and businesses looking to transport various items, such as household goods, motorcycles, and office equipment.

Furgo. io operates in various geographical markets across Europe, ensuring a broad reach for its logistics solutions. Furgo. io generated revenue of EUR 21,948.

10 in 2017, with an EBITDA of EUR -166,046. 40 for the same year. The company operates on a transaction-based model, where transport providers receive payment only upon successful delivery completion. Clients initiate transactions by detailing their shipment needs and selecting from the offers presented by transporters.

This secure payment structure promotes user confidence, ensuring refunds in case of unforeseen issues during delivery. The platform's revenue is derived from service fees associated with completed transport transactions, catering to both business-to-consumer (B2C) and business-to-business (B2B) segments, creating a comprehensive ecosystem for last-mile delivery solutions. In January 2017, Furgo. io SL raised EUR 0.

275 million in venture funding from Avenue Capital Group and Empresa Nacional de Innovacion. The recent funding will be utilized to further develop the platform's capabilities and expand into new markets. The company is focusing on enhancing its services by introducing new features aimed at improving user experience. Additionally, plans are underway to target expansion into major urban centers across Europe by the end of 2018, aiming to increase its market presence and service capacity.