Waybiller to get €500k from Thorgate Ventures, Vestman Energia and angel investors

Norway Estonia 13 April 2021

Waybiller, a Talinn, Estonia SAAS logistics startup, announced raising €500k ($600k) in funding

The money was raised from Estonia-based Thorgate Ventures and Vestman Energia joined by Norwegian angel investors Espen Harstad and Nicklas Haslestad.

Waybiller, founded in 2019 by a team led by CEO Ivar Merilo, developed a software tool that allows companies to transform from paper waybills to e-waybills (wyabills are documents prepared by the carrier of a shipment of goods that contain details of the shipment, route, and charges). Waybiller has been built together with the specialists from the largest Estonian road construction companies (e.g. Nordecon) and wheat growers (e.g. KEVILI). It is also supported by the Road Administration of Estonia.

Total investments received (USD): 601k