Austrian smart locker MYFLEXBOX secures €75M in a fresh round

Salzburg-based company MYFLEXBOX, a smart locker network provider, has managed to secure €75 million in a fresh round of funding. The investment came from the London-based Star IV fund, Silicon Canals reports.

• Founded in 2018 by Jonathan Grothaus, Peter Klima, and Lukas Wieser, MYFLEXBOX is the largest open-access network of parcel lockers provider in Austria. So far, the company has established over 360 facilities to serve a number of independent express logistics firms, e-commerce corporations, and end users.

“We are impressed how the MYFLEXBOX team has developed a highly attractive company within such a short period of time. The focus on an open smart locker network, in combination with clever software solutions, creates a highly efficient logistics infrastructure for customers and express parcel service providers that enables a reduction in CO2 and inner-city traffic,”

Philipp Gensch, Partner at Star IV fund, comments.

• The investment in MYFLEXBOX was the first for the Star IV fund, a London-based fund managed by STAR Capital Partnership. It is a private equity firm developing strategic asset-based businesses in Western Europe.
• The MYFLEXBOX founders and investors will work closely on an ambitious organic growth strategy to build the leading open locker network.
• The fresh funds will also help the company grow its parcel stations to 4,000 by the end of 2025.