Yolda.com closes $5 million bridge round, expanding in Germany

Logistics startup Yolda.com kickstarts its Germany operations with a new investment of $5 million

Yolda.com, which digitizes companies’ road transportation processes, closed its bridge investment round of $5 million with participation from existing investors including Speedinvest, Collective Spark and angels.

Yolda.com previously raised 1.9 million USD in June this year and has quadrupled its topline since then. Total amount of investment raised by Yolda.com since inception in April’20 reached 8 million USD.

Regarding the new investment, Yolda.com Co-Founder and CEO Volkan Özkan commented:

“We are very happy that our current investors continued to support us with this bridge investment prior to a larger Series A round that we intend to kick off next year. We have a clear vision to transform road transportation industry to a whole different level and will be acting on a strong agenda focusing on establishing our presence in the German market, expanding cross-border trade volumes, growing our engineering team and sustainability efforts.”

We are going live in Germany in Q1’2022

Regarding the inclusion of import and export shipments from Turkey for their domestic distribution service in December 2020, Volkan Özkan emphasized Yolda.com’s fast delivery at affordable prices, especially for Germany. Underlining that Yolda.com will start operations in Germany during Q1’2022, Volkan Özkan stated that the company will also expand its ‘Shared and Spot’ transportation solutions abroad in the same period.

Volkan Özkan highlighted that the Yolda.com has effectively utilized its resources and idle capacity in the road transportation industry since inception and looks forward to directing its focus on sustainability through new investments in the field of green logistics.

Yolda.com Co-Founder and CTO C. Murad Özsert said:

“We will continue to invest in our technology following this bridge round. Our clearly defined technology roadmap focuses on enhancements for our suppliers including location-based services, improved algorithmic load/vehicle matching and dynamic pricing developments for efficiency purposes. We will continue to pursue our vision of becoming a data & product-oriented company abroad as well. Our engineering team is getting stronger with new hires as we focus on product development in both Turkey and abroad.”

Yolda.com in numbers:

• Founded in February 2020 by Volkan Özkan and C. Murad Özsert.

• Started operations in April 2020, completed 8 thousand trips and over 30 thousand shipments.

• Served 520 customers in 21 months, cooperated with 3400 suppliers, and delivered to 17 countries.

• Recorded significant monthly growth of above 25% in 2021.

• Successfully closed three rounds of investment between May 2020 and December 2021, receiving a total investment of 8 million USD.

• Team size reached 64 as of December’21, 31% of whom are engineers.

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