A startup raised $79 million for its open smart-locker network. Check out the pitch deck it used to raise the funds.

The Myflexbox founders, from left: Lukas Wieser, Jonathan Grothaus, and Peter Klima.
Myflexbox

Myflexbox is an Austrian startup that offers a smart-locker network.
The company uses an open API to connect operating systems from different delivery providers.
Insider has an exclusive copy of the pitch deck it used to raise 75 million euros.

This is an edited, translated version of an article that originally appeared on March 6, 2023.

Myflexbox is an Austrian startup founded in 2018 as a spinoff of Salzburg AG, an Austrian utilities company where Myflexbox's founders, Lukas Wieser, Jonathan Grothaus, and Peter Klima, had worked for several years as product-development managers.

The company hopes to create the largest open smart-locker network in Europe, addressing what it sees as inadequate infrastructure to cope with the growing demand for business-to-customer delivery services.

To solve this problem, Myflexbox's parcel lockers offer a central drop-off and collection point. This allows courier, express, and parcel services, or CEP, to cut costs and enables delivery drivers to avoid missed deliveries, while giving customers increased flexibility, the company says.

It uses an open API, or application programming interface, to connect operating systems from different delivery providers.

The lockers are always installed outside, meaning parcels can be picked up and returned by customers 24/7.

In Austria, the company already works with delivery companies such as UPS, DPD, GLS, and DHL Express, as well as regional retailers and startups. In total, the startup operates about 400 parcel stations, it says.

Last year, the startup expanded into Germany, and it plans to have several stations up and running this month in Berlin, Hamburg, and the Ruhr region in western Germany, it adds.

In total, it's aiming to set up about 4,000 smart pickup points in Austria and Germany within the next two years.

To help them achieve this, the founders recently secured 75 million euros, or about $79 million, in new funding. The investment came from Salzburg AG and the London private-equity firm Star Capital, which has a majority share in the company.

Insider has an exclusive copy of the pitch deck it used to raise the funds.