Serbia ~
• Serbia-founded delivery analytics platform Mily Technologies secured a €1 million pre-seed round.
• The funding round is led by South Central Ventures and supported by Katapult Accelerator.
• The startup’s platform helps parcel delivery companies analyze their delivery operations.
The Serbian startup’s platform collects data and presents it in an easy-to-understand way for delivery professionals, providing information about time, location and events that occur during the last mile of the process Delivery.
Founded in 2021, startup co-founders Miloš Zlatković and Aleksandar Buha used their extensive experience and background in systems software and data science to deliver a solution that processes complex data and creates a single source of truth.
Using Mily’s platform, last mile professionals can quickly identify opportunities to reduce costs, improve delivery processes, and confidently expand their out-of-home networks.
“Being new to the industry, we had to ask a lot of questions to get an in-depth understanding of the sector. It is precisely this approach that led us to create a unique solution on the market. Over the past two years, we have accumulated a wealth of information and ideas from our customers and partners, and we believe it is time to accelerate,” said Zlatković, CEO of Mily Tech.
The latest funding will now help the company expand across Europe and grow its team.
“A significant portion of the funds will be used to expand the team, bringing in new talent and expertise to further drive innovation and differentiation in the last mile delivery sector. The company is committed to bringing a fresh perspective and customer-centric approach to the industry, and the new hires will help support this mission,” the company told The Recursive.
The startup has offices in Belgrade and Munich, with some of the largest courier companies in the Balkan region among its clients, and is looking to establish partnerships with industry-related companies across Europe.
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Updated: February 27, 2023