Porterbuddy was acquired by Verdane and Canica in a $23 million deal.

Porterbuddy, an Oslo, Norway-based operator of a logistics technology platform, announced that it entered into an agreement for getting Verdane Capital and Canica as new shareholders in the company.

The deal puts the company valuation at NOK 200M ($23M). Both Verdane and Canica will be joint majority owners of Poterbuddy following the transaction.

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.

Porterbuddy previously raised $4.4 million from investors from Norway, including Farmasiet, Canica and Varner.