With STAR Capital‘s announced investment of €75 million, a new chapter in MYFLEXBOX’s (“MFB”) history begins. STAR Capital becomes the majority shareholder of the leading Austrian smart city company alongside the founding shareholder Salzburg AG, the utility of the city and state of Salzburg.
The common goal is to accelerate the expansion of the largest open access network of automated parcel locations (“APMs”) in the DACH region, which is expected to grow to around 4,000 stations by the end of 2025.
“After successful and instructive years as pioneers, we can bring our experience and expertise as know-how and technology leader to all existing and new partnerships with even more power,” commented Lukas Wieser, Co-CEO and founder of MFB.
Jonathan Grothaus, Co-CEO and founder of MFB, is convinced, “This investment will lift us on the European stage. Stakeholders who intend to build smart cities of the future and minimize CO2 emissions in the long term can hardly avoid our solutions for inner-city logistics.”
“Since the founding of MFB, we have been pursuing the approach of building an open access network and making it available to everyone via modern interfaces. Our proprietary software enables a secure, future-oriented logistics platform for the cities of tomorrow,” stated Peter Klima, CTO and founder of MFB.
MFB will heavily benefit from STAR Capital’s significant commitment to provide growth funding for the future roll out of APM’s.
“The focus on an open smart locker network, in combination with clever software solutions, creates a highly efficient logistics infrastructure for customers and express parcel service providers that enables a reduction in CO2 and inner-city traffic,” says Philipp Gensch, Partner at STAR Capital.
Philipp Moy, Principal at STAR Capital, is looking forward to the partnership. “Our investment enables the company to offer its attractive solutions in other markets and at many new locations and thus makes an important contribution to the decarbonization of the ‘last mile’.”
Hans Poser, Managing Director at Finadvice: “It was a pleasure to work with MFB’s team and Salzburg AG. We are pleased to have found the right partner for the company in STAR Capital.”
MYFLEXBOX is a smart city company with the aim of minimising CO2 emissions on the last mile caused by unsuccessful doorstep deliveries across Europe. With MFB, customers can receive, send and return packages and goods conveniently and contactless 24/7.
About STAR Capital
For more than 20 years, STAR Capital has been investing successfully in companies that have a strategic market position and offer attractive growth potential. Its commitment is intended to support the growth plans of young infrastructure companies and promote their scaling. MFB is the first investment of the STAR IV fund.
Finadvice was founded in 1998 as an independent consulting firm with a focus on M&A. Due to locations and employees in Switzerland, Austria, Germany, Czech Republic, Poland, the Mediterranean region and in India, Finadvice has an excellent network for the implementation of international transactions. The Finadvice team, led by Hans Poser and Fritz Lehner, supported MFB during the structured M&A process in the search for investors, business planning and due diligence.