Quivo, a Wien-based know-how and logistics scale-up, has secured a €5.2 million strategic funding from Qatar’s main logistics supplier GWC, marking the start of a joint growth into the Gulf area.
The capital injection will gasoline Quivo’s transfer into Qatar, the United Arab Emirates, and Saudi Arabia, aiming to handle the demand for skilled e-commerce fulfilment providers in one of many world’s fastest-growing digital commerce zones.
Co-founder and CEO, Christoph Glatzl, provides: “Collectively we’re increasing a community that not solely facilitates worldwide manufacturers’ entry into the Gulf States, but in addition allows seamless intra-GCC growth, giving them real entry to a quickly rising market of tens of millions of digitally savvy shoppers for the primary time.”
Quivo’s strategic funding and its growth into the Gulf area align with a wider 2025 development of European logistics and fulfilment startups securing capital to boost cross-border capabilities.
In Portugal, Lyzer raised over €10 million to scale its e-commerce fulfilment community, whereas within the UK, Relay and HIVED secured €33.4 million and €35.6 million respectively to develop technology-driven parcel supply infrastructure.
Towards this backdrop, Quivo’s partnership stands out for combining strategic funding with operational integration – embedding its fulfilment know-how inside GWC’s Gulf community. This hybrid mannequin positions Quivo between Europe’s software-driven logistics innovators and established regional infrastructure suppliers, illustrating how fulfilment scale-ups are more and more forming cross-market partnerships to increase attain past Europe.
“With GWC we’ve got discovered the best accomplice to convey our fulfilment experience to one of the vital dynamic areas on the earth,” says Georg Weiß, Co-founder and CEO of Quivo.
Based in 2017 with a mission to streamline logistics for fast-growing e-commerce manufacturers, Quivo presents integrations with over 40 store methods and ERP platforms, operated by a group of over 400 staff serving greater than 1,500 firms globally.
Quivo is at the moment working six warehouses throughout Austria, Germany, France, the UK, and the USA. The collaboration with GWC brings contemporary capital and an important regional footprint, because the Gulf’s e-commerce market accelerates towards a projected USD 47 billion by 2029 – in line with the Seamless GCC Market Report 2024.
The primary main milestone of the partnership is already in place: GWC’s warehouse in Qatar has been outfitted with Quivo’s software program, integrating their proprietary success know-how. Rollouts in Dubai and Saudi Arabia are deliberate over the approaching months, making a tri-hub community that opens up the area to worldwide e-commerce manufacturers.
GWC’s funding not solely gives Quivo with crucial regional infrastructure and market entry but in addition advantages GWC by enhancing its logistics portfolio with much-needed e-commerce capabilities.
The combination will allow each firms’ shoppers to seamlessly scale between Europe, the US, and the Gulf, a area the place web penetration now exceeds 99% and the place shoppers are younger, mobile-first, and more and more turning to on-line procuring.
“E-commerce is likely one of the fastest-growing sectors within the GCC area,” stated Matthew Kearns, Appearing Group CEO of GWC. “Because the regional market chief, we’re continuously increasing our providing. With Quivo at our facet, we now present clients with a totally built-in success answer – masking all the things from storage and processing to supply.”
The partnership is well timed: the Seamless GCC Market Report 2024 initiatives that Saudi Arabia’s e-commerce sector will develop from USD 10 billion in 2022 to USD 23 billion by 2027. The UAE is predicted to climb from USD 12.3 billion to 17.2 billion in the identical interval, with Qatar doubling from USD 1.8 billion to three.5 billion.
Quivo’s shoppers, together with manufacturers like Tractive – a European pet tracker supplier – have already leveraged its scalable logistics infrastructure to broaden throughout markets just like the UK and the US. By integrating with GWC’s huge regional community, Quivo is now positioned to do the identical within the Gulf States.
