Herbst Kinsky advises byrd on EUR 50 million Series C
Herbst Kinsky advised byrd technologies GmbH on its EUR 50 million Series C financing round. Lead investor in this round is Cambridge Capital. Elevator Ventures, the corporate venture arm of Raiffeisen Bank International, is also new on board. Last but not least, numerous existing investors, including Mouro Capital and Speedinvest, also participated in the round.
The start-up, founded in Vienna in 2016, offers an e-commerce logistics solution that enables online shops to outsource and control their entire logistics with just a few clicks via a web application. This allows them to concentrate on their core competencies and successfully expand their business. byrd now has around 200 employees and 20 fulfilment warehouses in seven countries. The fresh capital will be used to expand further.
Florian Steinhart (Partner at Herbst Kinsky): “The next financing round of an Austrian start-up on a scale that would have been unthinkable a few years ago. Congratulations to Alex Leichter, Petra Dobrocka and the entire byrd team. We are happy to have been part of it since the beginning and are excited to see where the journey will take us. In any case, the course for the next step has been set.”
The transaction team at Herbst Kinsky was led by Florian Steinhart with support from Magdalena Wagner and Leon Berg.