Innoship startup raises 550,000 Euro as seed investment from GapMinder

Innoship startup, the developer of SaaS (software as a service) solution of the same name, enabling ecommerce businesses to integrate and orchestrate multiple last-mile delivery options,  announces today that it secured a Seed investment from GapMinder VC. The investment of 550,000 Euro comes at six months from the commercial launch of the solution based on its impressive adoption rate.

The company implemented the Innoship solution for its first customers at the beginning of 2020 and currently manages approximately 20,000 daily orders. The Innoship solution can be integrated with all large ecommerce platforms, warehouse management systems, ERP (enterprise resource planning), fulfillment and marketplace active in Romania and regionally. Its clients’ portfolio includes the most well-known names in the local ecommerce and distribution ecosystem such as Miniprix, Kalapod, OLX, Depanero, Network One Distribution, Dentstore, Oralix, Topline, xpertbeauty.ro, Arco Expert, Algernon, green-future.ro, mezoni.ro, Generalmotor.

The Seed Investment round received from GapMinder VC will stimulate the accelerated growth of Innoship adoption among retailers active on the Romanian market and its first steps towards internationalization while speeding up the development of new functionalities for its platform.

Innoship optimizes the interactions between retailers and carriers, streamlining the costs of courier services by up to 25% and increasing delivery performance by up to 15% through a dynamic allocation of the orders according to the criteria selected by the retailer in the platform. Innoship technology increases the quality of the shipping service experience, providing easy access to new fast delivery options while substantially reducing costs.

Daniel Nicolae, CEO and Co-Founder of Innoship, stated: “Consumer demand for multiple delivery options and better quality of shipping services poses huge challenges for retailers and ecommerce companies to manage the last-mile delivery efficiently. We created the Innoship platform as an advanced aggregator and orchestrator of multiple last-mile delivery options to help ecommerce businesses gain consumer confidence, increase conversions, and drive repeat buying by building loyalty. Most importantly, Innoship is fast and easy to adopt by retailers and ecommerce companies, being, one the one hand, integrated with all delivery companies and, on the other hand, with the most important ecommerce platforms, ERP, WMS, already used in existing processes.”