Mily Technologies developed Analysis software for optimizing delivery processes on the last mile. The startup's platform combines location-based data with business analytics, helping delivery companies uncover inefficiencies. Thanks to Mily Technologies, logistics companies can reduce last-mile costs, improve their delivery processes, and better expand their out-of-home networks.
The startup founded by Miloš Zlatković and Aleksandar Buha has now successfully completed its pre-seed round and raised €1 million. Belgrade-based South Central Ventures is leading the financing round, where the two originally founded their startup before moving their company to Munich. The seed round is also supported by a grant from the Serbian accelerator Katapult.
Mily Technologies wants to increase the pace
Milos Zlatkovic, CO-Founder and CEO of Mily Technologies, explains:
"As newcomers to the industry, we were forced to ask a lot of questions to gain a deep understanding of the space. This approach has led us to develop a solution unique to the market. Over the past two years, we've gathered a wealth of information and ideas from our customers and partners, and we believe it's now time to pick up the pace."
The funding is intended to help the startup expand across Europe and grow its team.
