Сzech supply chain management facilitator Supply.Do secures €400k from Nation1
18 April, 2023, 12:36
Zlin-based Supply.Do, the provider of all-in-one supply chain solutions, has secured €400,000 in a round closed by Czech VC fund Nation 1. The new investment will be used for scaling the product.
- Founded in 2022 by David Klimek, SupplyDo is a one-stop shop for all the supply chain and beyond. The company specializes in printing services, as well as packaging, catalogs, direct mail, POS, and helping deliver pharmacy, electronics, cosmetics, and automotive products. The services cover the whole process and optimize the cost, lead times, technologies, and materials.
- Since launching, the startup has grown from two employees to five in-house and thirteen remote employees. At the same time, the company’s turnover reached €470,000 per year.
- The fresh investment came from Nation 1, a Prague-based venture capital firm focused on investing in seed-stage startups that operate in Czechia. Earlier this year, the fund was among the partners of PrusaLab accelerator for hardware startups.
“After several months of discussions with investors, I realized how important it is to scale the business quickly. For us, it is the fulfillment part for ecommerce and our new upcoming website app for ecommerce and fulfillment centers,”David Klimek, CEO and the founder of Supply.Do says.
- Supply.Do will use the new investment for scaling, launching an app, and adding a variety of new features.