Home Business Kanguro Secures €2m Funding Ahead of European Market Expansion Plans

Kanguro Secures €2m Funding Ahead of European Market Expansion Plans

Kanguro closes a financing round of € 2m and prepares to make the leap to Europe

Expansion and Growth

Kanguro Barcelona’s recent investment of 2 million euros will enable the company to expand its presence in new markets, including Portugal, France, and Germany, in the first quarter of the year. This expansion will be accompanied by the strengthening of its innovative technology, which has been a key factor in the company’s growth since its foundation in 2021.

The company’s founders, Xavi Valverde, César Valencia, and Iván Lorca, have been instrumental in driving Kanguro’s success, with a focus on revolutionizing last mile logistics through the OOH model. The company’s first investment round in 2022, which raised 1.2 million euros, laid the foundations for its current growth and expansion plans.

Technological Innovation

Kanguro’s technology relies on an ecosystem of artificial intelligence agents designed to automate and optimize logistics management. This innovation has enabled the company to reduce operating costs by 35% and significantly improve customer experience, with a focus on deliveries outside the home.

The company’s use of AI-based technology has also driven a sustainable last mile, with 45% of home deliveries being transformed into collected deliveries at points of convenience. This is well above the industry average of 3% and demonstrates the effectiveness of Kanguro’s approach.

Sustainable Logistics

Kanguro’s commitment to sustainability is reflected in its business model, which prioritizes deliveries outside the home and reduces the need for multiple delivery attempts. The company’s 5,000 points of convenience (Pudos) in Spain have enabled it to multiply the scalability of its operations compared to traditional systems.

With its European expansion plans, Kanguro is poised to become a reference in the optimization of the last mile through advanced technology and a sustainable approach. The company’s focus on innovation and sustainability is expected to drive growth and expansion in the logistics sector, with a positive impact on the environment and customer experience.

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