Superangel led close to €1M funding round to ParcelSea

Superangel led close to €1M funding round to Estonian home parcel locker startup Parcelsea.

Estonian startup ParcelSea, based in Tallinn, announces raising €935,000 ($1,13M) to build its smart mailbox network in Estonia and foreign markets. The company has been on a fast-developing trajectory while e-commerce and contactless pickup are booming.

Superangel has emphasized ParcelSea’s strong team of founders with remarkable experience in the industry and a bold vision. Market trends such as continued growth of e-commerce and the contactless handling of parcels, are in no doubt only grist for their mill.

The funding round was led by Superangel and in addition to venture capital funds (Superangel and United Angels) the primary investors include successful Estonian start-up founders such as Taavi Madiberk (Skeleton Technologies), Kristjan Vilosius (Katana MRP), Taavi Tamkivi (Salv), Triin Hertmann and Alvar Lumberg (Grünfin) and many others.

ParcelSea plans to use the funding to expand production and continue building new features and services, such as freezer department for food, parcel delivery and return and various smart home solutions.

Superangel and leading investor was advised by Ellex team in Estonia Antti Perli, Merlin Liis and Hanna Pahk, Priit Pruks.

Find further information about the deal HERE.

Linked Experts

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Antti Perli

Counsel / Estonia
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Hanna Pahk

Senior Associate / Estonia
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Merlin Liis-Toomela

Associate / Estonia
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Priit Pruks

Lawyer / Estonia