Bloq.it has recently closed a €28 million Series B round. The investment will be directed towards a range of initiatives, primarily accelerating team expansion and launching operations in new European markets. Bloq.it leadership also plans to use the funds to drive M&A strategies. It’s one of the biggest Series B ever raised by a Portugal-based company, capping off three consecutive years of high-level partnerships and accelerated growth.
Over the last four years, with over 50 million shipments processed through its systems every year, Bloq.it has achieved an astounding 73,083% accumulated revenue growth since 2021. This rapid scaling is the result of Bloq.it’s tech-first mindset and software stack approach to parcel logistics and smart lockers, ambitious expansion across 10+ markets, and strategic partnerships with major ecommerce logistics players like GLS, DHL eCommerce, and Vinted Go.
Miha Jagodic, CEO of Bloq.it, says, “Our core goal remains to change the parcel delivery status quo. We’re accelerating a new standard for delivery: one that’s efficient, low-impact, and accessible to every logistics player in Europe.”
Bloq.it's lockers and systems are designed to be compatible for integration with any logistics player, as well as scalable and customisable for different countries, locations, and product types. This enables Bloq.it to address the growing demand for secure and reliable alternatives to home delivery in a way that best satisfies consumer expectations.
"Bloq.it is at the core of the transition to out-of-home delivery all across Europe—despite our growth so far, there's a clear feeling that we’re just getting started," added João Lopes, COO & CRO of Bloq.it.
Since its founding in Portugal in 2019, Bloq.it has positioned itself as the leader in the parcel locker industry in Europe. Earlier this month, it was awarded the second-highest spot on Deloitte’s Technology Fast 500™, which ranks the fastest-growing private technology companies across EMEA (Europe, Middle East, and Africa). Expansion into additional cities and hiring across Europe is already underway.