DoDo raises CZK 1.5bn from investors for expansion

Published: 04.05.2022 Related countries:  New Zealand New Zealand, Australia Australia

The company wants to strengthen its presence in the business-critical DACH region, expand into southern Europe, and further strengthen its position in last-mile logistics in markets where it is already established

DoDo Group, which focuses on B2B last-mile logistics, has raised its largest investment to date of CZK 1.5bn in a Series B investment round. The faster expansion abroad will help the growing firm raise funds from investors led by Daniel Křetínský's EC Investments and J&T Capital Partners founder Patrik Tkáč, who will raise their minority stake in the logistics firm. A significant majority remains with V-Sharp of entrepreneur Michal Menšík. With the acquired funds, the company wants to strengthen its presence in the business-critical DACH region, expand into southern Europe, and further strengthen its position in last-mile logistics in markets where it is already established. The funds will also help further develop DoDo's own data-driven logistics platform. The target for 2022 is to double turnover to CZK 2bn.
 
Source: Daily news | ČIA news
Czech Trade and Czech Invest Sydney