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Latvian logistics #startup@Swotzyofficial has raised €90K from Lithuanian accelerator and early-stage #investor Firstpick.
Swotzy is a platform for last-mile #delivery, allowing users to find the best-fit courier-post services. The platform combines several delivery services posts, allowing users to compare services according to time/fees and without signing contracts. For small #businesses, Swotzy offers a user interface where users can manually purchase shipping labels and request courier pickups. For bigger companies, Swotzy will ensure API connectivity to ease the logistics process, and use several couriers with one integration and one contract.
Swotzy was founded by @LRutkis, Kristians Jenciuss, and Jekabs Hincenbergs in August 2022. The company has two paying clients in Latvia. Swotzy has also participated in Firstpick accelerator program Batch-2, which started at the end of February and continues till June. Currently, it is in its initial stage of development (MVP) and plans to launch in the first weeks of May 2023. The startup will use the investment to grow its team and get the product to the market of #Baltic countries faster.
Venture capital firm Firstpick was launched by an ex-Lithuanian team of Estonian accelerator StartupWiseGuys. Firstpick aims to support 45 startups over the coming three years. In its pre-accelerator, it offers to give €20K per team, and from €50K to €100K within the acceleration program. The volume of the fund is €20M. The Partners of Firstpick are Jonė Vaitulevičiūtė, @marijusan, Andra Bagdonaite.
#Latvia #Lithuania #VentureCapital #startups
📈 Congratulations to our member @Swotzyofficial on raising 90 000 EUR in their first investment! The funding was attracted from Lithuanian-based accelerator (which Swotzy has enrolled in) and venture capital fund FIRSTPICK.
📈 Congratulations to our member @Swotzyofficial on raising 90 000 EUR in their first investment! The funding was attracted from Lithuanian-based accelerator (which Swotzy has enrolled in) and venture capital fund FIRSTPICK.
In times of recession, there are still plenty of businesses opportunities to be found, especially if you can add value. It’s the right time to focus on ideas which can help businesses to optimise their operations or save costs. #recession#Entrepreneurship#addvalue
I am so happy to see the interest of e-commerce merchants about @Swotzyofficial solutions even before the launch of platform! The future seems bright! #swotzy#technology#lastmile
The logistics industry is so far behind in technology advancement! Amazed to see how much Human Resources are wasted on stupid, repetitive tasks. #logistics#automation#technology