About Urb-it
Urb-it is a company based in Stockholm (Sweden) founded in 2014 was acquired by Fin in January 2024.. Urb-it has raised $1.8 million across 1 funding round from investors including Finmile and Zenith Group. Urb-it offers products and services including Route Optimization Software and Logistics Management Platform. Urb-it operates in a competitive market with competitors including Packfleet, LLEWO, XeroE, Fernhay and HerdGroup, among others.
- Headquarter Stockholm, Sweden
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Products & Services of Urb-it
Urb-it offers a comprehensive portfolio of products and services, including Route Optimization Software and Logistics Management Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI software that optimizes multi-stop routes to reduce delivery costs by 30 percent.
Platform for real-time tracking and boosting logistics efficiency.
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Funding Insights of Urb-it
Urb-it has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.8 million completed in December 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.8M
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First Round
First Round
(09 Dec 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2015 | Amount | Series A - Urb-it | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Urb-it
Urb-it has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Finmile and Zenith Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Last-mile deliveries are handled via e-cargo bikes in London.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Urb-it
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Urb-it
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Urb-It Comparisons
Competitors of Urb-it
Urb-it operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Packfleet, LLEWO, XeroE, Fernhay and HerdGroup, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Web-based last-mile delivery management services are provided.
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| domain | founded_year | HQ Location |
Carbon-footprint tracking solutions are offered for logistics fleets.
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| domain | founded_year | HQ Location |
Electric vehicles are booked online for emission-free deliveries.
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| domain | founded_year | HQ Location |
Last-mile delivery solutions are provided via electric vehicle fleet.
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| domain | founded_year | HQ Location |
Provides fleet management, vehicle rental, and remarketing solutions for corporate clients.
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An AI-based mobility and last-mile delivery solutions for electric vehicles
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Urb-It
Frequently Asked Questions about Urb-it
When was Urb-it founded?
Urb-it was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Urb-it located?
Urb-it is headquartered in Stockholm, Sweden.
Who is the current CEO of Urb-it?
Rich Pleeth is the current CEO of Urb-it.
Is Urb-it a funded company?
Urb-it is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Series A of $1.8M, raised on Dec 09, 2015.
What does Urb-it do?
Urb-it is a local shopping mobile app through which a costumer can shop in an urb-it enabled shop and within the next 2 hours an urb-it executive(urber) will pick up the order and deliver to the customers location of choice. The app will have tools to track and communicate with the urber. Urb-it have recently tied up with volvo to start an in-car delivery service for volvo customers where the urb-it app tracks the customers car location and delivers within 2 hours to that location. Urb-it claims that they focus on sustainability and hence delivery is done only through either foot, cycle or public transport.
What products or services does Urb-it offer?
Urb-it offers Route Optimization Software and Logistics Management Platform.
Who are Urb-it's investors?
Urb-it has 2 investors. Key investors include Finmile, and Zenith Group.