DoDo Group raised €60M in a series B funding round led by EC Investments and J&T Capital with participation from Rockaway Capital.

DoDo Group, a Prague, Czech Republic-based provider of a B2B logistics technology platform, announced closing €60 million ($65 million) in Series B funding round.

The money was raised from investors led by EC Investments and J&T Capital with participation from Rockaway Capital.

The proceeds of the investment will be used to further develop its data-driven logistics platform and expand into Western and Southern Europe.

DoDo Group, founded in 2015 by CEO Michal Menšík and Wojciech Kazimierski, provides a last-mile B2B logistics marketplace platform, active in the fast food, ecommerce and retail sectors. The company says it currently operates with about 2,000 couriers and 1,250 vehicles in Czech Republic, Slovakia, Poland, Germany, Austria, Hungary and Bulgaria.  In 2021 it produced sales of almost €40 millon and expectes to be over €80 million in 2022.