Citibox raises €80M in debt funding to expand smart mailbox network in Spain
07/03/24, 2:15 PM
Location
madridMoney raised
€80 million
Industry
smart cities
Investors
Co Venture, Growth Credit Partners
Spanish smart mailbox startup Citibox has raised €80 million in debt funding led by Growth Credit Partners (London) and CoVenture (New York) to expand its network of smart mailboxes throughout Spain. The company plans to install over 600,000 smart mailboxes in residential buildings in the next three years.
Company Info
Location
madrid, community of madrid, spain
Additional Info
Citibox is a Spanish small mailbox startup that provides smart mailboxes installed inside residential buildings. The company's smart mailboxes are available 365 days a year, 24 hours a day, contributing to successful deliveries and returns on the first attempt. Citibox also aims to improve productivity and bottom line of companies in the sector and contribute positively to the transformation of cities into more sustainable environments.