ParcelSea secures €935,000 investment

Estonian home parcel locker startup ParcelSea has raised €935,000 to expand its Estonian parcel locker network and grow into new foreign markets.

Unlike many other parcel locker networks, the ParcelSea system is one of personal parcel lockers for homes. Currently the lockers have three sections for letters, parcels and up to five grocery bags.

As well as expanding its physical network, ParcelSea is to add new features and products. One will be a freezer parcel locker for food, and there are to be a number of smart home solutions.

The funding round was led by Superangel and United Angels, but in addition to venture capitalists, primary investment came from a number of smaller companies from Estonia.

“We want to offer a smart home mailbox that is always at home and ready to accept all packages, food and friend-to-friend goods without human contact” said the CEO and co-founder Andres Sampka.  “Today, there are more packages delivered home than letters or newspapers. Ordinary mailboxes are often sitting empty,” added CTO and co-founder Indrek Jürgenson.

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