Porterbuddy was acquired by Instabox.

Porterbuddy, an Oslo, Norway-based operator of a logistics technology platform, announced that it was acquired by the Sweden-based Instabox, provider of logistics service for e-commerce retailers.

Financial details were not disclosed. Porterbuddy’s owner Verdane, which together with Canica owns a majority stake in the business, will reinvest its entire proceeds from the transaction and double down with new capital as well, in doing so becoming one of Instabox’s larger shareholders.

Porterbuddy, founded in 2016 by Tord Störtebecker and CEO Henrik Gerner-Mathisen, developed a logistics and distribution platform that provides efficient and customer-centric, last-mile delivery of products. The company's platform makes use of smart use of technology, digital interfaces and machine learning, in order to optimise the use of available infrastructure in the logistics market allowing local couriers to use their excess capacity. The platform enables direct integration in the online shopping and checkout process, making life easier for both consumers, couriers and online retailers.

Instabox, founded in 2010 by CEO Alexis Priftis, Staffan Gabrielsson, and Johan Lundin, developed a logistics service for e-commerce retailers, offering same-day delivery through its network of last-mile smart delivery lockers. The company operates more than 2,000 automated lockers in Sweden, Denmark, and Norway and raised $91 million in a round led by EQT Ventures in 2021.