XPRESS Ventures has led a successful pre-seed financing round for Cologne-based retail tech startup HomeRide, which aims to revolutionize urban online shopping by integrating multiple retailers into a cohesive platform.

Information on the Target

HomeRide, a Cologne-based retail technology start-up, has secured successful pre-seed funding led by XPRESS Ventures, the company builder of logistics provider FIEGE. The startup is pioneering a technology that enables customers to consolidate online purchases from various retailers through an integrated goods infrastructure. Orders are delivered on the same day within a chosen time frame through an agile network of diverse last-mile service providers. HomeRide exclusively utilizes existing warehouse and delivery structures, creating a financially and environmentally sustainable sales platform for both prominent chains and local brands.

According to Hendrik Lallensack, Co-Founder and COO of HomeRide, the company aims to make urban shopping available online. Many retailers struggle with lacking product and online reach, which is why HomeRide's platform combines multiple players to offer a cohesive digital shopping experience. With the support of investors such as XPRESS Ventures and the FIEGE Group, HomeRide is well-positioned for further development during this transformational phase.

Industry Overview in Germany

The retail sector in Germany is undergoing a significant transformation driven by the integration of technology into everyday shopping. With an increasing number of consumers favoring online shopping, retailers are compelled to enhance th