Finnish tech-oriented logistics startup OGOship raises €4 million to build sustainable e-commerce platform

OGOship, founded in 2017, has just announced a €4 million pre-series A funding boost led by Flashpoint Venture Capital and Innovestor Ventures. The tech-orientated logistics company helps e-commerce businesses streamline their supply chain with their innovative platform that offers a fast-to-market solution. 

A 3PL partner makes it simple for companies to outsource some or all of their logistics and warehousing. Specialising in e-commerce, OGOship offers a sustainable opportunity to access and scale to new international markets without companies having to invest in their own warehouse space, prepare for an unexpected need for workforce, or negotiate transportation deals. 

Sustainability is the way forward for all businesses today, and OGOship offers a multi-network of logistic hubs across Europe, accessible via their digital platform that is easy to integrate with the most common e-commerce platforms on the market. 

The startup is a strong advocate for industry change and policies that make e-commerce more sustainable. For example, they advocate for plastic-free packaging and encourage companies to choose the shortest route with fast shipments, avoiding flights where possible. 

The solutions offered by OGOship enable clients’ shipment costs to decrease by over 40%. Meanwhile, the speed of delivery is increased by over 70% and CO2 emissions are reduced by 96%. Currently, the logistics company works with customers from Europe and the USA, including names such as  DPD, DHL, and Budbee. The multi-national team includes 50 people working in 5 countries. 

Timo Toivonen, Co-Founder and CEO of OGOship, said: “We believe every company deserves to be global without wasting the company’s – or the planet’s – resources. And this is exactly what we enable our clients to do. The funds will be used to fuel our international expansion by adding 4-5 countries per year to the existing global warehouse network and to speed up the growth in our current Swedish, Finnish, German and UK markets that have high potential” 

The funding that has just been secured will be used to accelerate further growth and adds a boost to plans for a pan-European fulfilment network.