Hedman advised Outvio on raising 2.5 million euros

The e-shop delivery management platform Outvio raised 2.5 million euros. The money will be used for expanding into new markets across Europe. 

Hedman assisted the client in drafting the deal documentation, the management board member agreements, and various post-closing issues, including data protection and employment.

The 2.5 million funding round was led by Change Ventures TMT Investments (London), Fresco Capital (San Francisco), and Lemonade Stand (Tallinn). Several other angel investors, such as James Berdigan (Printify) and Kristjan Vilosius (Katana MRP), also took part in the investment round. This is also the largest initial investment of Estonian companies in the last 4 years.

Outvio, founded in 2018, is a cloud-based SaaS application that is reinventing online deliveries for eCommerce by designing a fulfillment process that actually increases sales.

The client was advised by senior associate Kati Pino.