Yolda.com raises USD 1.9m to launch Europe operations

TURKEY-BASED FREIGHT tech startup Yolda.com has raised USD 1.9m, bringing the total it has raised in its first year of operation to UDS 2.7m. After a year operating in Turkey, Yolda.com will expand into the European market. The funding will be used to double the digital freight forwarder’s team size and increase automation and operational efficiency.

Yolda.com manages the entire logistics operation, end-to-end, for B2B business partners. Businesses can create multiple shipment requests and manage them all on a single platform. They can also track shipments via the control panel and measure their logistics operation performances with Yolda.com’s detailed reporting service. Unlike its competitors, Yolda.com specializes in “less than truck load” (LTL) shipments, harnessing “share economy” dynamics. This means it can consolidate loads from multiple shippers, making the most of each truck’s capacity. This helps reduce logistics costs, increases customer satisfaction, and helps reduce the carbon footprint of the end-to-end freight journey.

The startup has more than 400 corporate and SME customers, and performed more than 15,000 successful shipments in its first year. The new round has been led by Speedinvest while Collective Spark and previous angel investors participated. “It was important for us that all our current investors took part in the investment, and Speedinvest will strengthen our journey to going global,” says Yolda.com Founding Partner and CEO, Volkan Ozkan. “As we grow, our product focus will be on providing greater operational visibility for shippers, through data-driven shipment management, enabled by new technology and team investments.”