Logistics startup ecosystem
We track 69 organisations in this sector across 6+ countries.
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Target Global
Target Global is a Berlin-headquartered international venture capital firm founded in 2012 by Alexander Frolov, Mikhail Lobanov, Shmuel Chafets, and Yaron Valler, investing across all stages from seed to late stage in European and Israeli technology companies. With over USD 3 billion in assets under management across early-stage, growth, and fintech-focused funds, Target Global has become one of the most active cross-border European venture investors, running parallel investment themes across fintech, mobility, logistics, travel, PropTech, and enterprise software. The firm has backed category-defining businesses including Auto1 Group, Delivery Hero, Revolut, Rapyd, TravelPerk, WeFox, and Omnipresent, and operates offices in Berlin, London, Tel Aviv, and Barcelona. Target Global is a useful reference point for founders looking for a European-headquartered fund that can write initial checks at seed and follow them all the way into late-stage growth rounds from a single partnership.
The Exploration Company
The Exploration Company is a Munich-based space startup founded in 2021 by Helene Huby, a former Airbus and ArianeGroup executive. The company is developing Nyx, a reusable orbital vehicle designed to carry cargo to the International Space Station and future commercial space stations. Nyx uses a green propulsion system and is designed for multiple missions, reducing cost per flight. The company has raised over EUR 150 million, including a major Series B, making it one of Europe's best-funded space startups. The Exploration Company represents Europe's push for independent orbital logistics capabilities beyond traditional government-led programs.
Tomasz Ciąpała
CEO of Lancerto and active business angel focused on the overlap between traditional retail operations and modern digital commerce. Tomasz frequently mentors D2C founders and contributes as a jury member in startup competitions. His investment interests center on e-commerce, fashion tech, logistics, and tools that improve customer experience or supply-chain performance.
Trendyol
Trendyol is Turkey's largest e-commerce platform, operating a marketplace, express delivery service, digital wallet, and food delivery product that together serve tens of millions of customers. Founded in 2010 by Demet Mutlu, the company attracted a major investment from Alibaba Group and has grown into one of the most valuable private technology companies in Europe with a valuation exceeding $16 billion. Trendyol processes millions of orders daily through its logistics infrastructure spanning hundreds of thousands of merchants. The platform is a dominant force in Turkish digital commerce and an increasingly important player in cross-border e-commerce across the broader region.
Vekia
Vekia is a Lille-based supply chain AI company whose platform forecasts demand, inventory, and logistics operations, generating AI-driven purchase and replenishment proposals prioritized to simplify day-to-day decisions. Its shortage management features give retailers and distributors a global view of stock levels with proactive stockout alerts, and the platform integrates with existing ERP systems to feed optimized order proposals directly into them. Legally a societe par actions simplifiees, Vekia is led by president Manuel Davy.
Vinted
Vinted is one of the most important consumer internet companies to emerge from the Baltics and the dominant European marketplace for second-hand fashion. Its scale comes from solving the resale experience in a way that feels simple for ordinary users rather than niche collectors: easy listing, broad demand, integrated shipping, and a business model that reduces friction on the supply side. That combination turned wardrobe resale from an occasional behavior into a repeat consumer loop, helping normalize recommerce across Europe. Vinted matters in the startup ecosystem because it proves that Lithuania can produce globally relevant consumer platforms with strong brand recognition, operational depth, and defensible marketplace dynamics. It also sits at an interesting intersection of circular economy, logistics, trust, and consumer product design, showing that major marketplace businesses are built as much on operations and liquidity as on software. For founders and investors, Vinted remains a strong case study in how marketplace design choices and local logistics execution can compound into continental scale.
Wakeo
Wakeo is a Paris-based supply chain visibility company offering an AI-powered platform for shippers, freight forwarders, and carriers. Its products include real-time multimodal shipment tracking with predictive ETAs across sea, air, road, rail and parcel, a Trusted Routes tool for disruption alerts and route risk scoring, intelligent analytics on carrier performance, and a carbon footprint calculator for transport emissions. Customers cited on its site include Air Liquide, Corteva, Clasquin, and Fracht. Wakeo went through the Techstars Paris accelerator program in its first cohort and counts 50 Partners among its backers.
Wolt
Wolt is a Helsinki-based delivery platform founded in 2014 by Miki Kuusi that expanded from restaurant food delivery into grocery, retail, and merchandise delivery across 27 countries. Known for its polished user experience and strong operational execution, Wolt became one of the Nordic region's most successful consumer tech companies. DoorDash acquired Wolt in 2022 for approximately $8.1 billion in an all-stock deal, using Wolt as its vehicle for international expansion. The Wolt brand and Helsinki-based team continue to operate DoorDash's business outside North America and Japan.
ZGI Capital
ZGI Capital is one of the most experienced venture capital firms in the Baltics, founded in 2005 in Riga. It has operated four successive fund generations (ZGI-1 through ZGI-4), with ZGI-4 attracting the largest single private VC investment in Latvia at €10M. The firm targets seed and Series A rounds of €500k–€5M in Latvian and Baltic companies across SaaS, fintech, food-agtech, logistics, and industrial sectors. ZGI Capital has won Latvia's VC & PE sector award six times, including in 2024 and 2025.
