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
- SectorsTransportation, Automotive & Logistics
- Website urb-it.com
- Social X
- Acquired by Fin (Jan 2024)
Products & Services of Urb-it
Urb-it offers a comprehensive portfolio of products and services, including Route Optimization Software and Logistics Management Platform.
AI software that optimizes multi-stop routes to reduce delivery costs by 30 percent.
Platform for real-time tracking and boosting logistics efficiency.
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 $1.8M
- Total Rounds 1
- Last Round Series A — $1.8M
- First Round $1.8M
(Dec 2015)
- Investors Count 1
All 1 funding rounds of Urb-it with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | $1.8M | Series A | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | zenithgroup.se | - | |
Last-mile deliveries are handled via e-cargo bikes in London. | 2022 | finmile.co | London, United Kingdom |
Investor details for Urb-it
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Urb-it
7 people are tracked at Urb-it (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Rich Pleeth | CEO | Leadership |
Anders Jönsson | Head of Engineering & Interim Head of Product (Consultant) | Leadership |
Kevin Kviblad | Chief Executive Officer | Leadership |
Kristian Hansen | Chief Financial Officer | Leadership |
Matteo Cella | Tax Consultant | Team |
Shanèze Noël | Support | Team |
Mikael Salkeld | Business developer | Team |
Complete people profiles for Urb-it
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Urb-it
4 dated milestones of Urb-it across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Urb-it is founded.
- Funding First funding round of $1.8M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Fin.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| packfleet.com | 2021 | London, United Kingdom | $21.87M | 5 | Web-based last-mile delivery management services are provided. | |
| llewo.com | 2019 | Madrid, Spain | $6.96M | – | Carbon-footprint tracking solutions are offered for logistics fleets. | |
| xeroe.co.uk | 2018 | London, United Kingdom | $309,550 | 6 | Electric vehicles are booked online for emission-free deliveries. | |
| fernhay.com | 2013 | Newbury, United Kingdom | – | – | Last-mile delivery solutions are provided via electric vehicle fleet. | |
| herdgroup.co.uk | 2014 | Weybridge, United Kingdom | – | – | Provides fleet management, vehicle rental, and remarketing solutions for corporate clients. | |
| ridecommerce.co | 2021 | London, United Kingdom | $20,000 | – | An AI-based mobility and last-mile delivery solutions for electric vehicles | |
| soyinquieto.com | 2020 | Madrid, Spain | – | – | Last-mile delivery services are provided via an electric vehicle fleet. | |
| dromy.fr | 2016 | Saint Ouen, France | – | – | Last-mile delivery services are provided via electric vehicles and drones. | |
| dipp-r.com | 2020 | Lund, Sweden | – | – | Reinventing last-mile delivery with high-capacity, driverless systems for urban sustainability. |
Detailed competitors of Urb-it
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- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Urb-it
The website of Urb-it (urb-it.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 22.4% vs previous month
Latest news on Urb-It
Complete news archive for Urb-it
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- Full article archive
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- Brand-specific news history
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Similar companies to Urb-it
10 companies that operate in the same segment as Urb-it (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Urb-it
Urb-it was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Urb-it is headquartered in Stockholm, Sweden.
Rich Pleeth is the current CEO of Urb-it.
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 2015.
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.
Urb-it offers Route Optimization Software and Logistics Management Platform.
Urb-it has 2 investors. Key investors include Finmile, and Zenith Group.
Yes. Urb-it was acquired by Fin in January 2024.