News

May 23, 2022

Smart locker startup Budbee raises $40m to extend bank loans

The Swedish startup Budbee has used traditional bank loans rather than VC to scale — and now it's taking on money to extend those loans


Mimi Billing

4 min read

Fredrik Hamilton is CEO and cofounder of Budbee.

Swedish startup Budbee has had a good couple of years. Thanks to the Covid-induced online spending boom, the last-mile delivery company more than doubled its revenue to €80m in 2021.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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