What is Eurora?
Eurora is a technology company founded in 2018 and headquartered in Estonia, dedicated to offering sophisticated services through advanced machine learning technology. The company positions itself as a leader in the digital transformation of the logistics industry. Its core strength lies in the unique combination of deep industry experience and a background in scientific research, enabling the development of cutting-edge solutions. Eurora's team comprises seasoned industry insiders and experts in logistics, e-commerce, machine learning, and data mining. The company actively collaborates with universities to conduct scientific research, ensuring it remains at the vanguard of technological innovation in its field.
How much funding has Eurora raised?
Eurora has raised a total of $43M across 2 funding rounds:
Angel/Seed
$3M
Unspecified
$40M
Angel/Seed (2021): $3M with participation from Kristjan Vilosius, Change Ventures, Artis Kehris, and Janis Berdigans
Unspecified (2022): $40M led by Connected Capital, Change Ventures, Equity United OÜ, and Marko Lastik
Key Investors in Eurora
Connected Capital
Connected Capital is a leading investor in growth and buy-out stage European B2B SaaS companies, providing capital and expertise to accelerate business growth. Based in Amsterdam, they operate across Europe with over €200 million of capital under management.
Change Ventures
Change Ventures is a seed stage venture capital fund based in the Baltic states, dedicated to supporting ambitious Baltic founders globally with initial investments and hands-on support to achieve product-market fit.
Equity United OÜ
Equity United is a private equity fund based in the Baltics that invests in growth-stage SME companies, focusing on supporting Baltic growth companies with strong management teams aiming to elevate their businesses.
What's next for Eurora?
The substantial enterprise-level funding Eurora has attracted indicates a strong market validation and positions the company for aggressive scaling and further technological development. This strategic investment is likely to fuel expansion into new markets, enhance its machine learning capabilities, and solidify its competitive advantage in the rapidly evolving logistics landscape. Eurora's focus on scientific research and university collaborations suggests a continued commitment to innovation, aiming to maintain its leadership in digital transformation within the industry.
See full Eurora company page
