TALLINN, ESTONIA – 16/12/2025 – MyDello, the digital freight forwarding platform dedicated to simplifying global trade, today announced it has successfully closed a €3.1 million funding round. The round was led by the Icelandic fund Frumtak Ventures, with significant follow-on participation from early investor Superhero Capital.
This new capital will be used to accelerate MyDello’s mission to transform the deeply fragmented and antiquated global logistics industry. The investment will fuel the development of advanced AI-powered solutions, drive strategic expansion into new European markets, and further enhance MyDello’s digital platform, which has already onboarded over 12,500 businesses.
The global logistics industry, valued at an estimated $6 trillion annually, has long been a bottleneck for businesses worldwide. For decades, it has operated on outdated systems involving faxes, phone calls, and mountains of physical paperwork, creating a frustratingly opaque and inefficient environment. MyDello was founded to solve this problem head-on by providing a single, digital-first platform that makes shipping goods simple, transparent, and efficient for everyone.
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The funding round signifies a powerful vote of confidence in MyDello’s technology and its proven ability to solve long-standing logistics challenges. Frumtak Ventures, known for backing ambitious companies with the potential for global impact such as Treble Technologies and Plaio, led the round.
Andri Heiðar Kristinsson, General Partner at Frumtak Ventures, has been impressed by MyDello’s traction and laser focus on solving the core pain points for businesses that ship goods. The platform puts a focus on making sure the digital platform solves the bottlenecks caused by old and outdated processes; it re-imagines the entire workflow from the ground up.
Superhero Capital, an early backer of MyDello, also increased its stake, reaffirming its belief in the company’s trajectory. The market response to MyDello’s offerings has been extremely strong, with over 12,500 businesses joining the platform.
As part of this strategic investment, MyDello is strengthening its leadership by welcoming two experienced figures to its Board of Directors:
Andri and Jevgeni will join seasoned growth expert and Finnish CTO of the year, Jussi Pyörre, on the MyDello board.
The €3.1 million investment will be a powerful catalyst for two key initiatives:
MyDello’s consistent growth and the onboarding of over 12,500 businesses demonstrate a clear market need for its solution. This proven traction was a key factor in securing the new funding and has laid the groundwork for an ambitious Europe-wide, and potential worldwide, vision.
The expansion into the UK and Iceland is just the first step. With this new capital, MyDello has set a clear goal: to be live and operational in every European country by 2027. This will create a seamless, unified logistics network, allowing businesses to manage shipments from Shenzhen to Tallinn or from New York to Reykjavík with the same simple, powerful digital interface.
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The €3.1 million funding round marks a pivotal moment for MyDello and a significant step forward for the digitization of the global logistics industry. By providing a transparent, efficient, and user-friendly digital platform, MyDello is empowering businesses of all sizes to take control of their supply chains. With the backing of top investors and the guidance of seasoned industry leaders, MyDello is uniquely positioned to solve the long-standing challenges of a $6 trillion industry and fullfill its mission of making complex global shipping simple for everyone.
Read what Tech.eu has to say about the recent investment round: https://tech.eu/2025/12/16/mydello-receives-eur31m-to-support-international-expansion
MyDello is a digital-first freight forwarding platform on a mission to simplify global logistics. By providing instant, guaranteed quotes, a unified dashboard for all shipping needs, and expert support, MyDello empowers businesses to manage their supply chains with unprecedented ease and transparency.
Frumtak Ventures is an Icelandic venture capital fund that invests in ambitious, technology-driven companies with the potential for global impact.
Superhero Capital is a seed-stage venture capital firm based in Finland that invests in founder-led, insight-driven startups in Finland and the Baltics.