Eurora. an Estonia-based startup that offers AI-based and machine learning-backed cross-border e-commerce compliance platform raised €40 million in Series A funding.
The round was led by Connected Capital, with existing investors, including Change Ventures, Equity United, and Eurora’s founder Marko Lastik also participating.
The fresh funding will be used for geographical expansion in the UK, the US, and the Middle East, where rapid and high growth in the sector is expected, and product development and potential add-on acquisitions.
Company: Eurora Solutions OÜ
Round: Series A
Funding Month: April 2022
Lead Investors: Connected Capital
Additional Investors: Change Ventures, Equity United, and Marko Lastik
Company Website: https://eurora.com/
Software Category: Cross-Border Compliance Platform
About the Company: Founded in 2018, Eurora offers an AI-based and machine learning-backed cross-border e-commerce compliance platform. Eurora already has over 200 paying clients worldwide and has massive market potential. In the past decade, global parcel shipping volume has almost tripled, and by 2026, this market is expected to reach over 260 billion parcels delivered.