The investment will be directed towards a range of initiatives, primarily accelerating team expansion and launching operations in new European markets. Bloq.it leadership also plans to use the funds to drive M&A strategies. It’s one of the biggest Series B ever raised by a Portugal-based company, capping off three consecutive years of high-level partnerships and accelerated growth.

E-commerce now drives the postal space. Although mail volume has been in active decline for years, parcel volume continues to increase. A 2024 McKinsey report found that consumer priorities have changed in tandem with this increase in parcel volume –reliability and convenience now take precedence over speed. Meanwhile, the uptick in C2B2C sales through vintage and second-hand markets like Vinted and Etsy have seen a corresponding rise in consumers choosing out-of-home (OOH) delivery options. A new convenience-minded logistics and delivery market will require seamless OOH-oriented solutions.

With over 50 million shipments processed through its systems every year, Bloq.it is actively driving this paradigm shift. Over the last four years, Bloq.it has achieved an astounding 73,083% accumulated revenue growth since 2021. This rapid scaling is the result of Bloq.it’s tech-first mindset and software stack approach to parcel logistics and smart lockers, ambitious expansion across 10+ markets, and strategic partnerships with major ecommerce logistics players like GLS, DHL eCommerce, and Vinted Go. Home delivery alone isn’t a viable solution for the more than 19 billion parcels delivered in Europe last year, a number that’s expected to rise to 30 billion by 2028-2029, indicating a critical gap in the market for scalable, secure, and convenient OOH delivery infrastructure.

Miha Jagodic, CEO of Bloq.it, says: “Our core goal remains to change the parcel delivery status quo. We’re accelerating a new standard for delivery: one that’s efficient, low-impact, and accessible to every logistics player in Europe.”

Bloq.it's lockers and systems are designed to be compatible for integration with any logistics player, as well as scalable and customisable for different countries, locations, and product types. This enables Bloq.it to address the growing demand for secure and reliable alternatives to home delivery in a way that best satisfies consumer expectations.

"Bloq.it is at the core of the transition to out-of-home delivery all across Europe – despite our growth so far, there's a clear feeling that we’re just getting started," added João Lopes, COO & CRO of Bloq.it.

Since its founding in Portugal in 2019, Bloq.it has positioned itself as the leader in the parcel locker industry in Europe. Earlier this month, it was awarded the second-highest spot on Deloitte’s Technology Fast 500, which ranks the fastest-growing private technology companies across EMEA (Europe, Middle East, and Africa). Expansion into additional cities and hiring across Europe is already underway.

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