Bloq.it, a Portuguese smart locker company providing end-to-end services for out-of-home delivery and e-commerce businesses, has closed a €28 million Series B round to expand the team and launch in new European markets.
According to the company this is one of the biggest Series B ever raised by a Portugal-based company, capping off three consecutive years of high-level partnerships and accelerated growth.
Miha Jagodic, CEO of Bloq.it, says, “Our core goal remains to change the parcel delivery status quo. We’re accelerating a new standard for delivery: one that’s efficient, low-impact, and accessible to every logistics player in Europe.”
Founded in 2019, Bloq.it is a smart locker company, providing end-to-end services comprising hardware, the Bloq.OS software ecosystem, and operational support, for logistics, e-commerce, and retail businesses.
Bloq.it’s lockers and systems are designed to be compatible for integration with any logistics player, as well as scalable and customisable for different countries, locations, and product types.
Partners include Vinted Go, the logistics arm of online marketplace Vinted and logistics multinationals DHL eCommerce and GLS.
In 2024, Bloq.it reportedly achieved 100% YoY revenue growth and expanded its network adding over 5,000 new lockers – a 290% year-on-year increase. 2024 also marked the launch of NEXT, the company’s autonomous locker designed to operate anywhere, even in off-grid locations and without the need for additional power sources.
“Bloq.it is at the core of the transition to out-of-home delivery all across Europe—despite our growth so far, there’s a clear feeling that we’re just getting started,” added João Lopes, COO & CRO of Bloq.it.
Bloq.it believes that e-commerce now drives the postal space. Although mail volume has been in active decline for years, parcel volume continues to increase. A 2024 McKinsey report found that consumer priorities have changed in tandem with this increase in parcel volume—reliability and convenience now take precedence over speed.
Meanwhile, the uptick in C2B2C sales through vintage and secondhand markets like Vinted and Etsy have seen a corresponding rise in consumers choosing out-of-home (OOH) delivery options. A new convenience-minded logistics and delivery market will require seamless OOH-oriented solutions.
With over 50 million shipments processed through its systems every year, Bloq.it aims to be the driving force behind this paradigm shift. Over the last four years, Bloq.it has achieved a 73,083% accumulated revenue growth since 2021.
Bloq.it argues that home delivery alone isn’t a viable solution for the more than 19 billion parcels delivered in Europe last year, a number that’s expected to rise to 30 billion by 2028-2029, indicating a critical gap in the market for scalable, secure, and convenient OOH delivery infrastructure – according to the company.
Expansion into additional cities and hiring across Europe is already underway.
Read the orginal article: https://www.eu-startups.com/2025/05/lisbon-based-bloq-it-raises-e28-million-in-one-of-portugals-biggest-series-b-rounds/
